Steel: EU sanctions against Russian intermediate products – Stainless Espresso

Sep 4, 2023 | Stainless Espresso

4 September 2023 – From the end of September, new EU sanctions against Russian steel products will come into force – this time against steel and iron precursors in finished products. The latest US labour market data point to easing and Asian nickel prices...

Nickel prices start September 2023 on a positive note – Stainless Espresso

Sep 1, 2023 | Stainless Espresso

1 September 2023 – Asian nickel prices rose on September 1. Tight availability and strong demand appear to be the driving forces here. Freight rates from Asia to North America have jumped, in some cases significantly, indicating an increase in demand there. And...

Indonesian nickel ore capacities already exhausted? – Stainless Espresso

Aug 31, 2023 | Stainless Espresso

August 31, 2023 – After some significant price jumps for Indonesian nickel ore due to a shortage of raw materials, the first companies now appear to be buying from the Philippines to cover their requirements. And Asian raw material prices continue to develop...

EU stainless steel producers with order books filling up – Stainless Espresso

Aug 30, 2023 | Stainless Espresso

30 August 2023 – EU stainless steel producers’ order books are currently filling up and delivery times have also shifted dramatically towards the end of 2023. Taiwanese stainless steel prices for September to rise. Asian NPI prices up as much as 8% in...

China’s stock markets supported by Beijing’s measures – Stainless Espresso

Aug 29, 2023 | Stainless Espresso

29 August 2023 – Chinese stocks saw a rise of up to 5.5% at the start of the week. This is due to government interventions to stabilize real estate and capital markets. And lawsuits to lift EU anti-dumping duties extended to Turkey against hot-rolled stainless...

Stainless steel prices increased last week – Stainless Espresso

Aug 28, 2023 | Stainless Espresso

28 August 2023 – Stainless steel prices rose again last week. And SHFE Nickel had also ended last week with a positive trend. Real estate group Evergrande is back on the stock market after the group halved its losses and was able to capitalize on rising demand...

Next commodity trader hit by nickel fraud – Stainless Espresso

Aug 25, 2023 | Stainless Espresso

25 August 2023 – Once again, a commodity trader who thought nickel was in his containers has been hit by a scam that commodity major Trafigura has also suffered this year. And after EU natural gas prices shot up due to a strike in Australia, they temporarily...

Chinese copper prices rise on positive sentiment – Stainless Espresso

Aug 24, 2023 | Stainless Espresso

24 August 2023 – Copper prices on the SHFE rose again Thursday on positive sentiment, political tailwinds and rising demand for other raw materials. And is the LME losing the nickel case in court? Source

US mills increase stainless steel alloy surcharges for September 2023 – Stainless Espresso

Aug 23, 2023 | Stainless Espresso

23 August 2023 – Stainless steel alloy surcharges in the United States for September 2023 are increasing. In particular, the surcharge for 316/316L is jumping up. Natural gas prices in Germany fell dramatically in July. And Asian commodities continue to develop...

World’s largest H2 direct reduction plant starts operation in Germany? – Stainless Espresso

Aug 22, 2023 | Stainless Espresso

22 August 2023 – You’re only being lied to if you believe it! Has the world’s largest H2 direct reduction plant really been commissioned in Germany and what does that actually mean? But this should not distract from us the positive facts: A look at...