Short sellers cash in, markets ignore banks crisis – Stainless Espresso

Mar 21, 2023 | Stainless Espresso

21 March 2023 – The markets have reacted calmly to the rescue of Credit Suisse. But the pressure that short-sellers have exerted on the market in the meantime is likely to have given them millions in profits. “Pockets of rocks” – now it seems...

Commodity exchange stores stones instead of nickel – Stainless Espresso

Mar 20, 2023 | Stainless Espresso

20 March 2023 – The commodity exchange LME does not come to rest. After several tons of material, which had been declared as nickel in a European LME certified warehouse, turned out to be simple stones, this again shakes confidence in the system of the London...

Ferrous scrap not a critical raw material in the EU after all? – Stainless Espresso

Mar 17, 2023 | Stainless Espresso

17 March 2023 – The European Commission presented its revised Critical Raw Materials Regulation on Thursday. At first glance, ferrous scrap does not appear to have made it onto the list – a setback for the EU steelmakers’ demand. Scrap markets trend...

EU ferrochrome benchmark prices for Q2 2023 jumping significantly – Stainless Espresso

Mar 16, 2023 | Stainless Espresso

16 March 2023 – Benchmark prices for EU ferrochrome are rising significantly. The key stainless steel raw material increases in price by more than 15% for Q2 2023. Key chrome suppliers and producers facing problems. Rating agency raises outlook for metals and...

Indian stainless steel group with more drastic problems? – Stainless Espresso

Mar 15, 2023 | Stainless Espresso

15 Marche 2023 – After the merger of two Indian stainless steel companies, they seem to be urgently looking for fresh capital to refinance their debts. Has the company’s marriage brought bigger problems into the house? Indonesia is threatening nickel...

China: Consumption clearly on the rise – Stainless Espresso

Mar 14, 2023 | Stainless Espresso

14 March 2023 – Chinese consumption is steadily increasing. In February, the granting of short-term consumer loans in China rose by more than 250%. This is likely to have already reached the local economy and to continue to increase. EU committee presents...

EU steel producers: No CO2 reduction since 2005? – Stainless Espresso

Mar 13, 2023 | Stainless Espresso

13 March 2023 – EU steel producers, led by a major German group, have made no really progress in decarbonising their blast furnaces since 2005. And now everything is supposed to get better? A critical look at green symbols. Canada wants to ban Russian steel and...

German aluminium smelter shuts down – Stainless Espresso

Mar 10, 2023 | Stainless Espresso

10 March 2023 – A major German aluminium smelter reports it will begin the shutdown process due to high electricity costs. And good news from Germany. Rising exports, growing orders and high demand for heat pumps – good outlook for stainless steel....

Nickel needs reliable trading place, demands grow louder – Stainless Espresso

Mar 9, 2023 | Stainless Espresso

9 March 2023 – The calls for a reliable trading place for nickel are getting louder after a year of nickel fiasco. US stainless steel producer raises base prices. And the EU’s plan to have its critical raw materials mined and refined in Europe could be...

Is thyssenkrupp steel really becoming greener? – Stainless Espresso

Mar 8, 2023 | Stainless Espresso

8 March 2023 – Is thyssenkrupp steel really becoming greener and cleaner? That’s a good question, since press releases spread a lot of self-praise and like to distract from important things with linguistic quibbles. The United States announces the results...