Most important EU nickel supplier to drop out? – Stainless Espresso

Feb 22, 2023 | Stainless Espresso

22 February 2023 – Russian mining group Norilsk Nickel seems to be thinking about stopping its sales to Europe. This could pose a huge problem for the EU, which gets about 50% of the important raw material from Russia. Stainless steel prices in China are rising....

US stainless steel imports pick up significantly in January – Stainless Espresso

Feb 21, 2023 | Stainless Espresso

21 February 2023 – Stainless steel imports to the United States increased by more than 38% in January. US stainless steel mills significantly increase 316/316L alloy surcharges for March 2023. And first Chinese provinces ration energy again, again particularly...

Ferrochrome prices strong, availability tight – Stainless Espresso

Feb 20, 2023 | Stainless Espresso

20 February 2023 – Supply of ferrochrome and chrome ores remains tight, keeping prices high. Indonesia has a growing dilemma with its nickel. And ArcelorMittal collects Western tax billions for decarbonisation and even wants to increase CO2 emissions tenfold in...

EU Carbon Border Tax CBAM, a growing concern for Africa – Stainless Espresso

Feb 17, 2023 | Stainless Espresso

17 February 2023 – African countries could lose 30 to 35% of their exports to Europe with the introduction of the EU Carbon Border Tax (CBAM), according to a recent study. Indonesia wants to maintain its bauxite export ban, but is having growing problems finding...

Skills shortage in mining hits lack of investment – Stainless Espresso

Feb 16, 2023 | Stainless Espresso

16 February 2023 – The skills shortage is hitting the mining industry hard. Mining engineering degrees have fallen by up to 63%. At the same time, there is a massive lack of investment. Indonesian stainless steel mill raises prices further. LME nickel stocks at...

Is an important nickel supplier about to collapse? – Stainless Espresso

Feb 15, 2023 | Stainless Espresso

15 February 2023 – Is a New Caledonian nickel supplier about to fail? Once again, the company had to be rescued from financial collapse by the state. In 2023, every second new car in the EU is supposed to be fully electric, but will battery production even be...

Case against EU stainless steel anti-dumping measure failed – Stainless Espresso

Feb 14, 2023 | Stainless Espresso

14 February 2023 – Once again, a complaint by the European Court of Justice against an anti-dumping measure on flat-rolled stainless steel imports has been rejected by the EU Court of Justice. Does the EU only care about its mega corporations? HRC prices in...

EU hydrogen plan already failed? – Stainless Espresso

Feb 13, 2023 | Stainless Espresso

13 February 2023 – The EU has no effective plan for the implementation of its hydrogen strategy. Especially with regard to green production and transport. EUROFER confirms Stainless Espresso assumptions from 2021. Nickel fraud and empty shipping containers: Are...

Commodity shortages and high scrap prices – Stainless Espresso

Feb 10, 2023 | Stainless Espresso

10 February 2023 – Commodity shortages and high scrap prices threaten structurally weaker countries more quickly. And can easily lead to domino effects that take entire industries with them when one commodity becomes scarce. New scam in nickel? Why you have to...

India’s new love for Russia, stainless steel makers position themselves clearly – Stainless Espresso

Feb 9, 2023 | Stainless Espresso

9 February 2023 – Indian stainless steel producers did not just realise their love for Russia yesterday, and even in times of Western sanctions they are happy to circumvent them. And at the same time they are striving for a free trade agreement with the European...