Jul 31, 2024 | Stainless Espresso
31 July 2024 – The Indonesian Nickel Miners Association (APNI) yesterday announced the launch of an Indonesia Metals Exchange (IME). Nickel prices react with jumps of more than 5.5% to APNI announcement. And an expected decline in stainless steel prices in Asia...
Jul 30, 2024 | Stainless Espresso
30 July 2024 – Last week, EUROFER published its Economic and Steel Market Outlook for 2024/2025 (Q2 Report). If you read it without reflection, you might think that the EU steel industry is still struggling. But is that really the case? Or is this just an...
Jul 29, 2024 | Stainless Espresso
29 July 2024 – Spot market prices for Chinese stainless steel, especially for hot-rolled coil, rose on Monday. But stainless steel scrap is also showing rising prices. Asian stock exchanges, above all the Japanese Nikkei 225, are jumping upwards. And a large New...
Jul 26, 2024 | Stainless Espresso
26 July 2024 – Asian commodity markets are looking friendly on Friday, supported by positive developments in the US economy and housing construction there. And China’s renewable energies exceed installed coal capacities for the first time. Source
Jul 25, 2024 | Stainless Espresso
25 July 2024 – The price trend for stainless steel scrap continues to rise. Asian stainless steel futures rise by 1.8%. China initiates review procedure for anti-dumping measure. And Turkey imports more stainless steel again. Source
Jul 24, 2024 | Stainless Espresso
24 July 2024 – After severe flooding at the beginning of July, several aluminium plants in Switzerland had to declare force majeure and cease production. Aluminium is already becoming scarce in some industrial sectors. And has the United Nations declared war on...
Jul 23, 2024 | Stainless Espresso
23 July 2024 – In the fight against illegal nickel mining and to improve state revenues, Indonesia has expanded its online tracking system SIMBARA from coal to nickel. Copper demand is likely to continue to rise significantly in the medium term, Chinese copper...
Jul 22, 2024 | Stainless Espresso
22 July 2024 – In the first half of 2024, Chinese aluminum production rose to its highest level since 2014. However, demand for the important light metal is also rising in other parts of the world, such as Brazil and the European Union. The United States...
Jul 19, 2024 | Stainless Espresso
19 July 2024 – Ursula von der Leyen has been re-elected as EU Commission President for five years with her ‘business as usual’ approach. And the Commission loses in the proceedings concerning the publication of data on vaccine contracts. ECJ rules in favour of...
Jul 18, 2024 | Stainless Espresso
18 July 2024 – European steel mills are afraid. Especially of their own age. After all, EU steel production has been lagging behind the rest of the world for years. But where does this fear really come from? And the latest bank survey by the European Central...
