Nickel: Commodity exchange can’t get out of crisis of confidence – Stainless Espresso

Mar 7, 2023 | Stainless Espresso

7 March 2023 – The LME cannot get out of its crisis of confidence. After the British regulator is seeking legal action against the LME, it has now also become known that a group of ten hedge funds has sued the commodity exchange for damages. Demand for steel and...

EU CBAM: Nothing ready yet – Can CBAM even start in 2023?

Mar 6, 2023 | Stainless Espresso

6 March 2023 – The introduction of the EU Carbon Border Tax CBAM is planned for October 2023. But nothing seems to be ready yet. Not even a final regulation has been decided yet, or a generally applicable calculation key for the calculation of CO2 emissions. FCA...

Breaking News: Result of EU Anti-circumvention Investigation against Stainless Steel Products from Malaysia Published

Mar 3, 2023 | Stainless Espresso

3 March 2023 – The European Commission (EC) has today, 3 March 2023, published the findings of the anti-circumvention investigation R777 against stainless steel from Malaysia. The investigation concludes that circumvention of the definitive anti-dumping duty...

US steel shortage grows, End to EU Green Steel subsidies – Stainless Espresso

Mar 3, 2023 | Stainless Espresso

3 March 2023 – The steel shortage in the United States is now exacerbated by outages at several steelmakers. US Congressional Steel Caucus calls for strong market protections. End to Green Steel subsidies demanded: The European Commission must impose tougher...

Good economic data from China – Stainless Espresso

Mar 2, 2023 | Stainless Espresso

2 March 2023 – The latest Chinese economic data are surprisingly good. This is causing demand and prices to rise. Especially for raw materials for steel and the corresponding demand, the market is very optimistic. Hydrogen in the EU only for industry? Why is the...

New 200% US aluminium Section 232 tariffs also on end products – Stainless Espresso

Mar 1, 2023 | Stainless Espresso

1 March 2023 – The new US Section 232 duties of 200% affect not only primary aluminium, but also intermediate and end products made with Russian aluminium. When can nickel still be mined economically? And Chinese stainless steel rolling mills have to stop...

Stainless steel giant suffers defeat in EU court – Stainless Espresso

Feb 28, 2023 | Stainless Espresso

28 February 2023 – The Tsingshan Group has suffered a first defeat in an EU court in its request to lift market protection measures against stainless steel imports into the EU. Stainless steel stocks continue to fall in China. Chinese workers sue Indonesia...

Punitive tariffs on nickel, aluminium and other metals doubled – Stainless Espresso

Feb 27, 2023 | Stainless Espresso

27 February 2023 – The US government will double punitive tariffs on many Russian metal products from 1 April 2023. These include aluminium, copper, lead and steel – but also nickel! Stainless steel scrap in China now economic alternative to NPI. And...

Iron ore more expensive, steel scarce, China comes back – Stainless Espresso

Feb 24, 2023 | Stainless Espresso

24 February 2023 – Iron ore prices are well above the level of the last 5 years. A rise to $150 per tonne possible. Steel is getting scarcer. China’s property market is coming back. And can the start of Asian overnight trading in nickel save the LME?...

EU scrap export: Is the steel export ban now looming? – Stainless Espresso

Feb 23, 2023 | Stainless Espresso

23 February 2023 – Scrap exports from the EU are to be banned. This could be a boomerang for steel producers. Is the demand for a steel export ban coming? US HRC prices jump significantly upwards. Goldman Sachs sees rising commodity prices coming in 2023 with...