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...
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
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...
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...
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...
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...
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...
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
Jan 11, 2024 | Stainless Espresso
January 11, 2024 – Russia has extended its scrap export restrictions and the corresponding quotas until mid-2024. Increasing demand for stainless steel scrap in China. And Mexico’s economy is benefiting greatly from US nearshoring activities. Source
Jan 10, 2024 | Stainless Espresso
10 January 2024 – Now that freight rates from India have jumped by up to 400%, even for routes that do not touch the Red Sea, the question arises as to whether shipping lines are shamelessly exploiting the situation. Is this threatening them with a political and...
