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Belgium calls for a massive reduction in EU bureaucracy – Stainless Espresso

Jan 24, 2024 | Stainless Espresso

24 January 2024 – Belgium, which currently holds the EU Council Presidency, is calling for a massive reduction in red tape and an improvement in the investment climate in the European Union. What needs to be implemented most urgently and immediately!...

EU member states agree on military deployment in the Red Sea – Stainless Espresso

Jan 23, 2024 | Stainless Espresso

23 January 2024 – The EU member states have agreed on a military deployment of their navies in the Red Sea. Germany wants to participate with the ultra-modern frigate Hessen, which specializes in air defence. And according to various media reports, the United...

EU natural gas prices at lowest level since August 2021 – Stainless Espresso

Jan 22, 2024 | Stainless Espresso

22 January 2024 – European natural gas prices have continued to fall significantly recently due to the mild winter and high inventories and are at their lowest level since August 2021. And US consumer confidence and economic expectations for 2024 have jumped by...

Stainless steel futures up more than 10% since the beginning of December – Stainless Espresso

Jan 19, 2024 | Stainless Espresso

19 January 2024 – Asian stainless steel futures have recovered significantly since the beginning of December 2023, rising by more than 10%. And the tech giants in the S&P 500 have posted a return of 100% in 2023. Source

EU new car registrations and US sales up significantly in 2023 – Stainless Espresso

Jan 18, 2024 | Stainless Espresso

18 January 2024 – New car registrations in the European Union and vehicle sales in the United States increased significantly in 2023. In the EU, new registrations increased by almost 14% year-on-year. In the United States, sales increased by more than 12%, or...

Stainless steel anti-circumvention: Is the EC facing an administrative disaster? – Stainless Espresso

Jan 17, 2024 | Stainless Espresso

17 January 2024 – In the two ongoing EU stainless steel anti-circumvention proceedings, the European Commission could face an administrative disaster after extensive errors, disadvantages and discrimination become known. Is this the premature end for the...

Stainless steel anti-circumvention: Possible procedural errors put EC in need of explanation – Stainless Cappuccino

Jan 17, 2024 | Stainless Espresso

17 January 2024 – The fact that the European Commission’s anti-circumvention proceedings against stainless steel imports from Taiwan, Turkey and Vietnam originating in Indonesia are on shaky ground and have been brought under questionable accusations is...

Nickel: Indonesia falls far short of production targets in 2023 – Stainless Espresso

Jan 16, 2024 | Stainless Espresso

16 January 2024 – According to recent reports, Indonesian nickel production is falling well short of expectations in some areas. Ferronickel alone is producing 100,000 MT less than forecast. And US housebuilding shares soar: 2023 a record year for the...

Asia’s steel market in high tension: Festivities drive up prices – Stainless Espresso

Jan 15, 2024 | Stainless Espresso

15 Januar 2024: The Asian market is experiencing a boom ahead of the Chinese New Year celebrations: demand for steel and stainless steel is growing, stocks are shrinking and prices are climbing. Aluminum scrap: shortages in China despite significantly increased...

SHFE nickel futures up again – Stainless Espresso

Jan 12, 2024 | Stainless Espresso

12 January 2024 – Rising nickel prices and a stable development in stainless steel in Asia have filled manufacturers’ order books well. Market sources also report a significant increase in demand from the United States and Europe. Source
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