May 15, 2024 | Stainless Espresso
15 May 2024 – Global steel demand picks up. Steel prices for May and partly for June already raised. US government increases Section 301 punitive tariffs against Chinese steel and aluminium imports. And the global purchasing managers’ index climbs into the...
May 14, 2024 | Stainless Espresso
14 May 2024 – Prices for Asian ferronickel and ferrochrome remained strong and stable in May. The ongoing nickel ore shortage in Indonesia is having an impact on ferronickel prices. Ferrochrome prices in China are mainly driven by a significant increase in...
May 13, 2024 | Stainless Espresso
13 May 2024 – According to a recent correction in the forecast by the International Nickel Study Group (INSG), the global surplus in nickel production will shrink dramatically in 2024, while consumption will at least remain the same. High-quality class 1 nickel...
May 10, 2024 | Stainless Espresso
10 May 2024 – Nickel and copper prices rose by up to 2.6% and 1.5% respectively in today’s trading on the Asian SHFE. However, the other base metals were also robust or up. And the reporting season in Europe is showing: Earnings growth is on the rise....
May 8, 2024 | Stainless Espresso
8 May 2024 – Ferrous scrap prices in the EU remain very robust. Stainless steel scrap continues its upward trend. And anti-circumvention results for cold rolled stainless steel bring significantly more transparency to the supply chain. Source
May 7, 2024 | Stainless Espresso
7 May 2024 – The EC today announced the final decisions in the ongoing anti-circumvention proceedings against stainless steel from Indonesia via Turkey, Vietnam and Taiwan. And once again demonstrated its technical incompetence. Further growth signals are coming...
May 6, 2024 | Stainless Espresso
6 May 2024 – Several positive reports from the Asian and North American economic regions are reviving the markets. While export growth in South Korea has accelerated noticeably, the logistics sector is also reporting an increase in demand. And in China,...
May 3, 2024 | Stainless Espresso
3 May 2024 – After the Labor Day celebrations in China, Asian analysts expect a further rise in the already increased demand for stainless steel. And according to the EU Commission, final energy consumption in Europe is to be reduced by up to 1.9% annually and...
May 2, 2024 | Stainless Espresso
2 May 2024 – US stainless steel prices continue to rise in May. FED maintains interest rate level. Asian stock markets are friendly. And will thyssenkrupp sell up to 50% to Czech investor? Source
Apr 30, 2024 | Stainless Espresso
30 April 2024 – The ECB is expected to cut interest rates for the first time at the beginning of June 2024 despite a slight increase in inflation data. Chinese property stocks provide positive impetus. And the EPP Christian Democrats show once again what...
