Stainless steel futures up more than 10% since the beginning of December – Stainless Espresso

Jan 19, 2024 | Stainless Espresso

19 January 2024 – Asian stainless steel futures have recovered significantly since the beginning of December 2023, rising by more than 10%. And the tech giants in the S&P 500 have posted a return of 100% in 2023. Source

EU new car registrations and US sales up significantly in 2023 – Stainless Espresso

Jan 18, 2024 | Stainless Espresso

18 January 2024 – New car registrations in the European Union and vehicle sales in the United States increased significantly in 2023. In the EU, new registrations increased by almost 14% year-on-year. In the United States, sales increased by more than 12%, or...

Stainless steel anti-circumvention: Is the EC facing an administrative disaster? – Stainless Espresso

Jan 17, 2024 | Stainless Espresso

17 January 2024 – In the two ongoing EU stainless steel anti-circumvention proceedings, the European Commission could face an administrative disaster after extensive errors, disadvantages and discrimination become known. Is this the premature end for the...

Stainless steel anti-circumvention: Possible procedural errors put EC in need of explanation – Stainless Cappuccino

Jan 17, 2024 | Stainless Espresso

17 January 2024 – The fact that the European Commission’s anti-circumvention proceedings against stainless steel imports from Taiwan, Turkey and Vietnam originating in Indonesia are on shaky ground and have been brought under questionable accusations is...

Nickel: Indonesia falls far short of production targets in 2023 – Stainless Espresso

Jan 16, 2024 | Stainless Espresso

16 January 2024 – According to recent reports, Indonesian nickel production is falling well short of expectations in some areas. Ferronickel alone is producing 100,000 MT less than forecast. And US housebuilding shares soar: 2023 a record year for the...

Asia’s steel market in high tension: Festivities drive up prices – Stainless Espresso

Jan 15, 2024 | Stainless Espresso

15 Januar 2024: The Asian market is experiencing a boom ahead of the Chinese New Year celebrations: demand for steel and stainless steel is growing, stocks are shrinking and prices are climbing. Aluminum scrap: shortages in China despite significantly increased...

SHFE nickel futures up again – Stainless Espresso

Jan 12, 2024 | Stainless Espresso

12 January 2024 – Rising nickel prices and a stable development in stainless steel in Asia have filled manufacturers’ order books well. Market sources also report a significant increase in demand from the United States and Europe. Source

Scrap protectionism: Russia extends ferrous scrap export quotas – Stainless Espresso

Jan 11, 2024 | Stainless Espresso

January 11, 2024 – Russia has extended its scrap export restrictions and the corresponding quotas until mid-2024. Increasing demand for stainless steel scrap in China. And Mexico’s economy is benefiting greatly from US nearshoring activities. Source

Red Sea: Are shipping lines shamelessly exploiting the situation? – Stainless Espresso

Jan 10, 2024 | Stainless Espresso

10 January 2024 – Now that freight rates from India have jumped by up to 400%, even for routes that do not touch the Red Sea, the question arises as to whether shipping lines are shamelessly exploiting the situation. Is this threatening them with a political and...

Big Short’s next move? Australia’s battle against China’s nickel giants

Jan 9, 2024 | Stainless Espresso

9 January 2024 – Australia’s nickel industry is stumbling and has already identified a culprit: Xiang Guangda, also known as “Big Short”, the owner of Tsingshan Holdings. Necessary clean-up at the steel trading giants? Thyssenkrupp and Klöckner...