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EC to use CBAM CO2 taxes to pay off debts? – Stainless Espresso

EC to use CBAM CO2 taxes to pay off debts? – Stainless Espresso

Oct 19, 2023 | Stainless Espresso

19 October 2023 – According to plans of the European Commission and the European Economic and Social Committee, the revenues from the CO2 tax CBAM and the trading of ETS certificates are to be used for the interest and debt repayment of the 800 billion Euro...
Scrap in short supply, iron ore in high demand – Stainless Espresso

Scrap in short supply, iron ore in high demand – Stainless Espresso

Oct 18, 2023 | Stainless Espresso

18 October 2023 – With steel scrap hard to come by in China, steelmakers are scrambling for iron ore. Chinese iron ore stocks have now fallen to their lowest level in 7 years despite high imports. Worldsteel expects demand for steel to continue to grow by up to...
UAE scrap export ban extended until December 2023 – Stainless Espresso

UAE scrap export ban extended until December 2023 – Stainless Espresso

Oct 17, 2023 | Stainless Espresso

16 October 2023 – According to media reports, the UAE has extended the existing export ban on steel and stainless steel scrap until at least December 2023. This is an important indication of the importance of waste in the stainless steel production chain....
Commodity imports to China remain buoyant – Stainless Espresso

Commodity imports to China remain buoyant – Stainless Espresso

Oct 16, 2023 | Stainless Espresso

16 October 2023 – China’s commodity imports remain buoyant in September. Iron ore imports over 100 million tonnes for second month in a row. Support from infrastructure projects. And German carmakers significantly increase exports of e-vehicles and...
EU: Provisional anti-dumping duties imposed on key raw material – Stainless Espresso

EU: Provisional anti-dumping duties imposed on key raw material – Stainless Espresso

Oct 13, 2023 | Stainless Espresso

13 October 2023 – The European Commission (EC) imposed provisional anti-dumping duties on 12 October 2023 on a key raw material used in battery production, among others, but also partly in stainless steel production. And the outlook for US construction stocks...
EC to start anti-subsidy investigations against steel from China? – Stainless Espresso

EC to start anti-subsidy investigations against steel from China? – Stainless Espresso

Oct 12, 2023 | Stainless Espresso

12 October 2023 – Anti-subsidy investigations against Chinese steel the dealmaker in the dispute between the European Union (EU) and the United States? The European Commission appears to have already pulled up stakes, at least morally, in the struggle to reach a...
Anti-circumvention and the risk with “Consigned from…” – Stainless Espresso

Anti-circumvention and the risk with “Consigned from…” – Stainless Espresso

Oct 11, 2023 | Stainless Espresso

11 October 2023 – After there were questions about the EU anti-circumvention case against stainless steel and the risk with “Consigned from…” we are going into it again today and clarify important points. EU and US close to preliminary...
Are anti-circumvention actions now coming against EU stainless steel? – Stainless Espresso

Are anti-circumvention actions now coming against EU stainless steel? – Stainless Espresso

Oct 10, 2023 | Stainless Espresso

10 October 2023 – Will the anti-circumvention proceedings against stainless steel from Indonesia boomerang on EU Mills? There are indications that this is the case. Nickel price in Asia rises by about 1.8%. And be careful where you ship stainless steel....
CBAM: EC again shows questionable behaviour – Stainless Espresso

CBAM: EC again shows questionable behaviour – Stainless Espresso

Oct 9, 2023 | Stainless Espresso

9 October 2023 – Once again the EU CO2 border tax attracts negative attention and puts the behaviour of the European Commission (EC) in a more than questionable corner. Favouritism at the EC or how critical voices were systematically excluded from CBAM...
EU climate tariff CBAM enrages German businesses – Stainless Espresso

EU climate tariff CBAM enrages German businesses – Stainless Espresso

Oct 6, 2023 | Stainless Espresso

6 October 2023 – Medium-sized companies in Germany are angrily up in arms against the EU climate tariff CBAM. Because neither the responsibilities have been clarified, nor is there a functioning system and it is becoming increasingly clear that the EC has simply...
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