Aluminum shortage growing in North America – Stainless Espresso

Mar 14, 2024 | Stainless Espresso

14 March 2024 – Following the closure of a major aluminum plant in the United States, concerns are growing about a worsening aluminum shortage. And it is not only in Southeast Asia that demand for stainless steel is picking up, but also in Europe, while two out...

Aluminium prices rise due to robust demand – Stainless Espresso

Mar 13, 2024 | Stainless Espresso

13 March 2024 – European and Asian aluminium prices have risen significantly in recent weeks due to rising demand. And US investors are taking a slight rise in inflation in their stride. German DAX breaks new record. Source

Iron ore prices down – weak data or rather politics? – Stainless Espresso

Mar 12, 2024 | Stainless Espresso

12 March 2024 – Iron ore prices in Asia have fallen – but is this really due to poor fundamental data or rather politics and short selling at the end of a restocking cycle? And first country raises serious concerns about the EU Carbon Border Tax CBAM at...

US economy: CEOs show optimism – Stainless Espresso

Mar 11, 2024 | Stainless Espresso

11 March 2024 – A clear change in mood among the bosses of major US companies: They expect more sales, plan higher investments and see job numbers rising. Surprising increase: China’s exports are growing strongly and exceeding all expectations and...

Is Finnish stainless steel mill now also failing? – Stainless Espresso

Mar 8, 2024 | Stainless Espresso

8 March 2024 – The next wave of strikes will hit EU member Finland from Monday: Will the stainless steel maker Outokumpu now also be out of action for weeks? And nickel prices exceed USD 18,000/MT – contrary to all prophecies of doom. Source

Strike at stainless steel maker Acerinox continues irreconcilably – Stainless Espresso

Mar 7, 2024 | Stainless Espresso

7 March 2024 – The strike at Spanish stainless steel manufacturer Acerinox has been going on for 31 days and there is still no end in sight. A possible round of negotiations yesterday (Wednesday) has been cancelled. What happens now? And the commodity markets...

Anti-circumvention: EC impresses with cluelessness – Stainless Espresso

Mar 6, 2024 | Stainless Espresso

6 March 2024 – The preliminary results of the European Commission’s anti-circumvention investigations into stainless steel from Indonesia via Taiwan, Turkey and Vietnam once again show the EC’s already criminal cluelessness with regard to the...

Stainless steel anti-circumvention: EC preliminary results – Stainless Espresso

Mar 5, 2024 | Stainless Espresso

5 March 2024 – The European Commission today announced the preliminary results of the two ongoing anti-circumvention proceedings against cold rolled stainless steel from Indonesia via Taiwan, Turkey and Vietnam. An official announcement of the results is...

Economy on the rise: Global stock index reaches record high – Stainless Espresso

Mar 5, 2024 | Stainless Espresso

5 March 2024 – There is good news for the global economy at the start of March: the MSCI All Country World Index, a benchmark for global stock markets, has reached a historic high after an impressive rise of more than four per cent in February. And Japan is on...

Nickel ore inventories in China fall significantly – Stainless Espresso

Mar 4, 2024 | Stainless Espresso

4 March 2024 – Chinese nickel ore stocks have fallen significantly by almost 24% since the end of 2023. Analysts are already speculating on a surprising deficit for 2024. And the German DAX share index is on the hunt for records, reaching a new high last Friday....