Feb 22, 2024 | Stainless Espresso
22 February 2024 – Nickel prices on the European commodity exchange LME climbed to over USD 17,000/MT today, having already risen by more than 3.5% on Wednesday. And the new EU sanctions package, which was only agreed “in principle” yesterday,...
Feb 21, 2024 | Stainless Espresso
21 February 2024 – The prospect of new US sanctions against Russia indicates to market participants that aluminum and nickel could now also be sanctioned, causing prices on the commodity exchanges to rise significantly in some cases. And nickel pig iron is...
Feb 20, 2024 | Stainless Espresso
20 February 2024 – Asian prices for stainless steel scrap jumped on Tuesday. In some cases by up to 4.7%. European foreign ministers agree on joint naval mission in the Red Sea. The most modern German air defense frigate has already arrived in Greece....
Feb 19, 2024 | Stainless Espresso
19 February 2024 – EU Commission President Ursula von der Leyen is openly considering a second term in office. But apart from favoritism, billions for consultants, accusations of corruption and a lack of transparency, what else is left? And in Asia, the Year of...
Feb 16, 2024 | Stainless Espresso
16 February 2024 – The United States International Trade Commission (USITC) has again extended the antidumping measure against stainless steel from India for 5 years. And caution: Imported material is not only FOB prices for stainless steel. Source
Feb 15, 2024 | Stainless Espresso
15 February 2024 – Energy prices in the EU have continued to fall. Natural gas prices were recently at the same level as in autumn 2018 and at their lowest level since June 2023. Electricity prices were also more than 60% lower in December 2023 than in the...
Feb 14, 2024 | Stainless Espresso
14 February 2024 – Coal-based blast furnaces in the European Union have reached the end of their life expectancy and are whistling out of the last hole. Are EU subsidy billions being greenwashed with non-existent hydrogen? And stainless steel prices in Europe...
Feb 13, 2024 | Stainless Espresso
13 February 2024 – Several EU stainless steel mills are acutely affected by strikes. While there have been repeated strikes in Finland for several weeks, some lasting several days, stainless steel workers in Cadiz, Spain, are on indefinite strike. This is...
Feb 12, 2024 | Stainless Espresso
12 February 2024 – Last Friday, the European Commission unsurprisingly opened an investigation into a possible extension of the EU Safeguard measure on certain steel products. But is this really a genuine procedure or just a waste of time and already decided?...
Feb 9, 2024 | Stainless Espresso
February 9, 2024 – The European Commission officially announced today, Friday, February 9, 2024, that the EU Safeguard Measure is to be reviewed for a possible extension. This is backed by 14 member states who had already requested a review from the EC in...
