Is the green steel dream already running out of steel scrap? – Stainless Espresso

Mar 28, 2024 | Stainless Espresso

28 March 2024 – Green steel seems to be running out of the most important raw material, scrap, even before it penetrates the market. At least that’s the latest assessment from the Boston Consulting Group. And questionable export data in the direction of...

Ammunition production drives demand for raw materials – Stainless Espresso

Mar 27, 2024 | Stainless Espresso

27 March 2024 – Copper, zinc, steel and aluminium are among the base metals that are particularly in demand in the defence industry. With a capacity expansion by a major German ammunition manufacturer, demand is likely to increase even further. Farmer protests...

Commodity markets on the upswing: optimistic outlook for 2024 – Stainless Espresso

Mar 26, 2024 | Stainless Espresso

26 March 2024 – The analysts at Goldman Sachs recently reaffirmed their optimistic outlook for commodities in 2024 and see rising commodity prices on the horizon. And the German ifo business climate index has risen to its highest level since June 2023, with...

EU stainless steel prices continue to rise due to scarce availability – Stainless Espresso

Mar 25, 2024 | Stainless Espresso

25 March 2024 – Stainless steel prices in the EU continue to rise. Scarce availability meets growing demand. And European steel consumers are starting to fight back against domestic steel producers and their demands for ever more market protection. Is Brussels...

Sentiment indicator: Spring in the EU Purchasing Managers’ Index? – Stainless Espresso

Mar 22, 2024 | Stainless Espresso

22 March 2024 – The important Purchasing Managers’ Index in the eurozone rises for the third month in a row. And is the EU Critical Raw Material Act once again based on the assumption of false data? Source

The battle for Russian aluminium continues – Stainless Espresso

Mar 21, 2024 | Stainless Espresso

21 March 2024 – The battle to extend EU sanctions to Russian raw aluminium continues with sometimes contradictory reports. And the US Federal Reserve is signalling optimism for the domestic economy. Source

Chinese ferrochrome and iron ore prices rise – Stainless Espresso

Mar 20, 2024 | Stainless Espresso

20 March 2024 – Prices for ferrochrome and iron ore rose significantly in China yesterday. At the same time, Chinese online retailers are reporting a sharp rise in consumer demand and the Bank of Japan is ending the negative interest rate era after 17 years....

Steel tensions: US warns EU against reviving WTO complaints – Stainless Espresso

Mar 19, 2024 | Stainless Espresso

March 19, 2024 – The US government has warned the European Commission against reviving WTO disputes over steel. Is the EC deliberately provoking the United States? Growing shortage: Copper prices have risen by almost 15% since fall 2023. Source

EU supply chain regulation: von der Leyen’s bureaucratic legacy continues to grow – Stainless Espresso

Mar 18, 2024 | Stainless Espresso

18 March 2024 – Is the EU Supply Chain Regulation a foul compromise that bypasses the EU Parliament? And just another election campaign gift for the EU Commission President? And strikes at EU stainless steel manufacturers continue. Source

EU: Anti-dumping measure against seamless stainless steel tubes from China to be extended

Mar 15, 2024 | Stainless Espresso

15 March 2024 – The EU is likely to maintain the anti-dumping duties of up to 71.9% against seamless stainless steel tubes from China. And base metals, such as nickel, copper, zinc and aluminium, are showing a positive trend at the start of European trading....