Nickel shortage already greater than previously assumed? – Stainless Espresso

May 24, 2024 | Stainless Espresso

24 May 2024 – The shortage of processed nickel may already be significantly higher than previously assumed. At least according to figures from recent media reports, which indicate a 30% increase in the nickel supply gap for March 2024. And the sentiment...

Profit taking: Raw materials take a breather – Stainless Espresso

May 23, 2024 | Stainless Espresso

23 May 2024 – Profit-taking has led to slight to moderate price corrections in raw materials such as copper, nickel and aluminum. Overall, however, base metals remain at a significantly higher level. And China imported 38% more stainless steel in the first five...

Will the sale of thyssenkrupp’s steel division fail again? – Stainless Espresso

May 22, 2024 | Stainless Espresso

22 May 2024 – Will the potential sale of thyssenkrupp’s steel division fail again due to the billions in pension provisions weighing on the Group? There are many indications that this is the case and it is not the first time a tkSE CEO has come under...

Alloy surcharges for June will increase significantly – Stainless Espresso

May 21, 2024 | Stainless Espresso

21 May 2024 – The stainless steel alloy surcharges for June 2024 will increase significantly. This is not only shown by the substantially higher nickel and molybdenum prices, but also by the first publications from stainless steel mills. Dispute over...

Nickel prices jump above USD 21,000 mark – Stainless Espresso

May 17, 2024 | Stainless Espresso

17 May 2024 – Nickel prices on the LME and the Asian SHFE have risen significantly in recent days. In the meantime, the price of the battery and stainless steel raw material has already exceeded USD 21,000 per tonne again. And the ZEW economic expectations for...

Is EC using higher US tariffs as an argument for Safeguard? – Stainless Espresso

May 16, 2024 | Stainless Espresso

16 May 2024 – Is the US government’s announcement of higher tariffs on steel and aluminium imports from China just what the Commission President, who is under suspicion of corruption, needs as an argument to support the Safeguard extension? And the...

Global steel demand continues to grow, prices rise – Stainless Espresso

May 15, 2024 | Stainless Espresso

15 May 2024 – Global steel demand picks up. Steel prices for May and partly for June already raised. US government increases Section 301 punitive tariffs against Chinese steel and aluminium imports. And the global purchasing managers’ index climbs into the...

Demand for ferronickel and ferrochrome remains strong in May – Stainless Espresso

May 14, 2024 | Stainless Espresso

14 May 2024 – Prices for Asian ferronickel and ferrochrome remained strong and stable in May. The ongoing nickel ore shortage in Indonesia is having an impact on ferronickel prices. Ferrochrome prices in China are mainly driven by a significant increase in...

Nickel surplus shrinks dramatically – Stainless Espresso

May 13, 2024 | Stainless Espresso

13 May 2024 – According to a recent correction in the forecast by the International Nickel Study Group (INSG), the global surplus in nickel production will shrink dramatically in 2024, while consumption will at least remain the same. High-quality class 1 nickel...

Asian nickel and copper prices rise – Stainless Espresso

May 10, 2024 | Stainless Espresso

10 May 2024 – Nickel and copper prices rose by up to 2.6% and 1.5% respectively in today’s trading on the Asian SHFE. However, the other base metals were also robust or up. And the reporting season in Europe is showing: Earnings growth is on the rise....