US and Indonesia work on strategic partnership – Stainless Espresso

Nov 14, 2023 | Stainless Espresso

14 November 2023 – US and Indonesia are working on a closer strategic partnership. And while the United States and Indonesia are considering more economic cooperation, the EU is only watching from the sidelines. US banks show strength and Goldman Sachs sees...

Chinese steel mills improve profits, exports rise – Stainless Espresso

Nov 13, 2023 | Stainless Espresso

13 November 2023 – Chinese steel mills were able to expand production after a significant increase in profits. However, strict environmental regulations are unlikely to allow for much production expansion. Chinese exports, particularly to the EU and the Middle...

German industry to get electricity price relief – Stainless Espresso

Nov 10, 2023 | Stainless Espresso

10 November 2023 – German industry is struggling with significantly higher electricity prices compared to China and even more so compared to France. For this reason, German industry is now to receive a significant reduction in electricity prices. However, the...

CBAM: WTO receives support against EU CO2 tax – Stainless Espresso

Nov 9, 2023 | Stainless Espresso

9 November 2023 – There is growing international opposition to the EU CO2 tax CBAM and not only the World Trade Organisation (WTO) considers the measure to be questionable in terms of trade policy. And in the United States, HRC prices continue to rise while EU...

What stainless steel cold rolling and Swedish shelves share – Stainless Espresso

Nov 8, 2023 | Stainless Espresso

8 November 2023 – What do cold rolling, anti-circumvention and Swedish shelves actually have in common? European natural gas prices continue to fall. And US imports have risen significantly and are already above 2019 levels.  Source

What stainless steel cold rolling and furniture from Sweden share – Stainless Cappuccino

Nov 8, 2023 | Stainless Espresso

8 November 2023 – The European Commission’s recent anti-circumvention proceedings against cold-rolled stainless steel from Taiwan, Turkey, and Vietnam in relation to existing anti-dumping and countervailing measures against Indonesia show once again how...

Aerospace sector needs more nickel, capacities limited – Stainless Espresso

Nov 7, 2023 | Stainless Espresso

7 November 2023 – The aerospace industry is demanding more and more nickel due to full order books. High-quality nickel products increasingly difficult to obtain. Prices have doubled. Last week, the Japanese government passed a comprehensive stimulus package to...

Steel: EU Safeguard Quotas for the United Kingdom – Stainless Espresso

Nov 6, 2023 | Stainless Espresso

6 November 2023 – The United Kingdom is to receive further safeguard quotas for steel and stainless steel, showing once again how Brussels is wasting taxpayers’ money with job creation measures. Financial markets react very positively to the latest US...

Electromobility in Germany continues to grow – Stainless Espresso

Nov 3, 2023 | Stainless Espresso

3 November 2023 – Electromobility in Germany continues to grow and, with 47.4% of new registrations, is getting closer and closer to conventional drives. Apple reports quarterly profit of 23 billion dollars. And stainless steel commodity faces growing supply...

FED: Base metals react positively, new price rally for iron ore? – Stainless Espresso

Nov 2, 2023 | Stainless Espresso

2 November 2023 – Asian base metals have reacted positively to the US Federal Reserve’s interest rate pause. In addition, there are many indications that the Chinese government’s stimulus programmes are having an effect and that there could be a new...