EC starts review of Safeguard Measures – Stainless Espresso

Feb 9, 2024 | Stainless Espresso

9 February 2024 – The European Commission officially announced today that the EU Safeguard Measure on certain steel products, which was due to expire in mid-2024, is to be reviewed at the urging of 14 EU member states and is therefore likely to be extended to...

Important economic indicator: Taiwan’s exports keep growing – Stainless Espresso

Feb 8, 2024 | Stainless Espresso

8 February 2024 – Taiwan’s exports are considered an important economic indicator for global development and the positive recovery trend since June 2023 continued in January. The reports of well-filled order books at the stainless steel plants there and...

No new EU sanctions against Russian aluminum? – Stainless Espresso

Feb 7, 2024 | Stainless Espresso

7 February 2024 – While the EU Commission continues to shy away from sanctions against Russian aluminum and is looking for simple solutions, it is increasingly offending economic allies elsewhere. And will the demand to extend the EU Safeguard Measure to certain...

Excessive EU market protection at the expense of security of supply? – Stainless Cappuccino

Feb 7, 2024 | Stainless Espresso

7 February 2024 – A completely different take on two annoying market protection procedures by the European Commission. A scenario in which the security of supply of the entire EU would be at risk and security in the EU is being dangerously jeopardized on the...

Indian steel exporters face growing problems – Stainless Espresso

Feb 6, 2024 | Stainless Espresso

6 February 2024 – Indian steel exporters are facing growing export problems and have almost halved their export volume since 2020. Export taxes, logistics problems and proximity to Russia are making Indian steel and stainless steel increasingly unpopular. And...

Will thyssenkrupp end up with nothing but subsidized steel? – Stainless Espresso

Feb 5, 2024 | Stainless Espresso

5 February 2024 – The ailing German steel giant thyssenkrupp could divest its marine division after ten years of searching. But what is left apart from subsidized steel? US labor market data significantly better than expected and the IMF further raises its...

Sentiment in the Italian economy much more positive – Stainless Espresso

Feb 2, 2024 | Stainless Espresso

2 February 2024 – Sentiment in the Italian market, especially in industry, services and trade, has brightened significantly and is at its highest level since April 2023. And Chinese steel manufacturers are already raising prices for March. And in the Chinese...

Australian steel maker: Green steel is coming, but it’s not here yet – Stainless Espresso

Feb 1, 2024 | Stainless Espresso

1 February 2024 – When announcing a modernization investment in the classic blast furnace route, Australia’s largest steel maker justified the decision by stating, among other things, that technologies for green steel are currently neither available nor...

CBAM: EC has to grudgingly admit mistakes – Stainless Espresso

Jan 30, 2024 | Stainless Espresso

January 30, 2024 – After serious technical glitches with and in the CBAM portal, the European Commission has to grudgingly admit mistakes and, under pressure from the Gerber Group, allows an extension of the submission deadline. Evergrande cooked hotter than...

Evergrande Judgment: Is liquidation really coming? – Stainless Espresso

Jan 29, 2024 | Stainless Espresso

29 January 2024 – Hong Kong judge orders liquidation of real estate group Evergrande. But will this ruling have any impact at all? Asian stock markets barely react and often even show a positive trend. And EU election campaign picks up speed. The German FDP is...