China eliminates export tax rebates for aluminum – Stainless Espresso

Nov 19, 2024 | Stainless Espresso

19 November 2024 – The Chinese government has scrapped the export tax rebates of 13% for aluminum and copper. But photovoltaics and batteries will also have lower export rebates in future. And Asian iron ore prices rose again today (Tuesday), in some cases by...

Positive signals from China cause iron ore prices to rise – Stainless Espresso

Nov 18, 2024 | Stainless Espresso

18 November 2024 – Latest economic data from China suggests a welcome recovery in economic momentum. Particularly noteworthy is a stabilization in the real estate sector, which should also have an impact on iron ore prices. Nickel prices in Asia also showed a...

Scrap export ban: EU steel producers call for further restrictions – Stainless Espresso

Nov 15, 2024 | Stainless Espresso

15 November 2024 – EU steel producers continue to call for a scrap export ban that goes beyond the new EU Waste Shipment Regulation. If they get their way, the entrepreneurial freedom and competitiveness of the EU recycling industry, which is dominated by small...

EU Green Steel: Lack of transparency among steel producers – Stainless Espresso

Nov 14, 2024 | Stainless Espresso

14 November 2024 – A recent report from Sweden justifiably criticises the green steel transparency of European steel producers. The industry in Brazil reports rising profits. And freight rates from Asia to Europe are rising. Source

EU Steel Action Plan threatens downstream industry – Stainless Espresso

Nov 13, 2024 | Stainless Espresso

13 November 2024 – The EU Steel Action Plan, which is currently being heavily promoted by the steel lobby, is clearly threatening the competitiveness of small and medium-sized enterprises. The fact that the European Economic and Social Committee (EESC) is now...

Western stainless steel mills call for more market protection – Stainless Espresso

Nov 12, 2024 | Stainless Espresso

12 November 2024 – Western stainless steel mills dominated by large European corporations, both in Europe itself and in the United States, are once again crying out for more market protection, a level playing field and subsidies. But is this even justified and...

Renewed warnings of dwindling Indonesian nickel reserves – Stainless Espresso

Nov 11, 2024 | Stainless Espresso

Once again, the Indonesian government has warned of the end of nickel reserves in the country and called for them to be conserved and new deposits to be sought. Will the end of nickel reserves come sooner than expected? And the US stock markets can benefit...

Political statement on the current government crisis in Germany by Thorsten Gerber, CEO of the Gerber Group

Nov 8, 2024 | Stainless Espresso

The political statement by Thorsten Gerber, CEO Gerber Group, on the current government crisis in Germany. Source

LME and SHFE nickel prices rise significantly again – Stainless Espresso

Nov 8, 2024 | Stainless Espresso

8 November 2024 – Nickel prices on the LME and SHFE rose significantly again on Thursday and Friday. Stainless steel prices are also benefiting from the rise in nickel. And on Thursday, the US Federal Reserve cut interest rates for the second time in a row....

Crashing end of the German government – Stainless Espresso

Nov 7, 2024 | Stainless Espresso

7 November 2024 – Shortly after Donald Trump’s victory in the U.S. presidential election, the German Chancellor undignifiedly throws his Finance Minister Christian Lindner out of the government. But instead of calling a vote of confidence and opening the...