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...

World nickel production paints dramatic picture – Stainless Espresso

Feb 8, 2023 | Stainless Espresso

8 February 2023 – A closer look at the worldwide nickel production paints a dramatic picture. Even if the figures of the U.S. Geological Survey suggest otherwise at first glance. The world has a nickel problem, with one exception. A US court upholds the Trump...

Stainless steel spot prices unimpressed – Stainless Espresso

Feb 7, 2023 | Stainless Espresso

7 February 2023 – Despite new volatility in nickel prices, stainless steel spot prices remain unimpressed. Is the U.S. government considering imposing 200% tariffs on Russian aluminium? And will German steel producers receive government funding for research into...

Further price jumps for 316/316L stainless steel – Stainless Espresso

Feb 6, 2023 | Stainless Espresso

6 February 2023 – The price jumps in the molybdenum-containing stainless steel grades 316 and 316L continued on Monday. A robust labour market is reported from the United States, which is already having an impact on the EUR-USD currency pair. And the automotive...

Molybdenum prices at record high, supply tight – Stainless Espresso

Feb 3, 2023 | Stainless Espresso

3 February 2023 – Molybdenum prices continue to rise. Pure molybdenum is more than $100,000 per tonne. Supply will be tight for years. Stainless steel producers already have to wait for molybdenum supplies. Molybdenum now also in hydrogen electrolyzers? Chromium...

EUROFER: How much money more? And who actually pays for it? – Stainless Espresso

Feb 2, 2023 | Stainless Espresso

2 February 2023 – The EU’s steel producers are worth an extra 325 billion euros over the next ten years alone. At the same time, European steel buyers are being asked to pay for free ETS certificates. And already more demands are coming from EUROFER....

Countervailing Duties against Chinese Stainless Steel? – Stainless Espresso

Feb 1, 2023 | Stainless Espresso

1 February 2023 – The Indian government’s review process on countervailing duties (CVD) against Chinese stainless steel finally seems to be moving forward. The Indian stainless steel industry is eagerly awaiting the upcoming date. Molybdenum prices break...

Taiwanese stainless steel producers raise prices – Stainless Espresso

Jan 31, 2023 | Stainless Espresso

31 January 2023 – Taiwanese stainless steel producers are raising prices across the board. Raw materials lobbying becomes a top priority in Germany. Philippines considers introducing nickel export tax. And WTO panel makes no headway in steel dispute between...

Greedy for Scrap – Now EU Critical Raw Material? – Stainless Espresso

Jan 30, 2023 | Stainless Espresso

30 January 2023 – Has the greed for scrap now broken out in Europe? How the EU steel lobbies are positioning themselves in the green shadow of the wind energy producers to whose demise they have contributed for years. Washington wants to appeal against the WTO...

WTO: Indonesia brings EU stainless steel market protection measures before DSB – Stainless Espresso

Jan 27, 2023 | Stainless Espresso

27 January 2023 – The EU has imposed high anti-dumping and countervailing duties on stainless steel imports from Indonesia. The Indonesian government has now filed a request for consultations with the WTO to fight this. And Europe is reporting strong order...