German steel giant facing more drastic changes? – Stainless Espresso

Mar 1, 2024 | Stainless Espresso

1 March 2024 – Is the German steel giant thyssenkrupp Steel Europe once again facing drastic changes? Are capacity cuts on the way? Familiar trade union circles are already drawing horror scenarios. What will happen to the 2 billion euros in subsidies from...

Nickel: Another personal gamble or back in investors’ focus? – Stainless Espresso

Feb 29, 2024 | Stainless Espresso

29 February 2024 – Is the much-maligned nickel back in the focus of investors? Or is Chinese gambling at work again? There is no denying that there is currently a flood of reports and analyses attempting to influence the nickel price. Source

German automotive sector on recovery course – Stainless Espresso

Feb 28, 2024 | Stainless Espresso

28 February 2024 – The German automotive industry has recovered significantly since the end of the pandemic. Exports have developed particularly positively for car manufacturers. And the UK Trade Remedies Authority has announced that it will maintain the...

Stainless steel and scrap prices continue to rise – Stainless Espresso

Feb 27, 2024 | Stainless Espresso

27 February 2024 – Prices for cold-rolled stainless steel continued to rise on the Chinese spot market today. Rally in stainless steel scrap: Prices up more than 5% in just a few days. And boom in luxury stocks: European market on the upswing. Source

We are fed up! A clear message to Brussels – Stainless Espresso

Feb 26, 2024 | Stainless Espresso

26 February 2024 – Thorsten Gerber, entrepreneur from Germany, sends a clear message to the European Commission in Brussels and the rampant bureaucratic madness there. At the same time, he calls on small and medium-sized businesses to finally show courage and...

Strike at Spanish stainless steel mill continues – Stainless Espresso

Feb 23, 2024 | Stainless Espresso

February 23, 2024 – The indefinite strike at Spanish stainless steel manufacturer Acerinox is now almost in its fourth week. No end in sight yet. Delivery times in the EU stainless steel market are increasing significantly. And Asian nickel price jumps upwards,...

European nickel prices continue to rise – Stainless Espresso

Feb 22, 2024 | Stainless Espresso

22 February 2024 – Nickel prices on the European commodity exchange LME climbed to over USD 17,000/MT today, having already risen by more than 3.5% on Wednesday. And the new EU sanctions package, which was only agreed “in principle” yesterday,...

New US sanctions? Nickel and aluminum prices jump upwards – Stainless Espresso

Feb 21, 2024 | Stainless Espresso

21 February 2024 – The prospect of new US sanctions against Russia indicates to market participants that aluminum and nickel could now also be sanctioned, causing prices on the commodity exchanges to rise significantly in some cases. And nickel pig iron is...

Asian stainless steel scrap prices jump up to 4.7% – Stainless Espresso

Feb 20, 2024 | Stainless Espresso

20 February 2024 – Asian prices for stainless steel scrap jumped on Tuesday. In some cases by up to 4.7%. European foreign ministers agree on joint naval mission in the Red Sea. The most modern German air defense frigate has already arrived in Greece....

What a second term in office with von der Leyen could mean – Stainless Espresso

Feb 19, 2024 | Stainless Espresso

19 February 2024 – EU Commission President Ursula von der Leyen is openly considering a second term in office. But apart from favoritism, billions for consultants, accusations of corruption and a lack of transparency, what else is left? And in Asia, the Year of...