Oct 19, 2022 | Stainless Espresso
19 October 2022 – What are the stainless steel and aluminium markets doing at the moment? Where is the journey going? Rising prices, raw material costs, sanctions, increasing demand. And is Russian aluminium, like copper, becoming a slow seller? In addition,...
Oct 18, 2022 | Stainless Espresso
18 October 2022 – Another South Korean steel producer has to temporarily shut down a mill. This further fuels concerns there about the current availability of steel and stainless steel. Demand for stainless steel is picking up significantly not only in Europe...
Oct 17, 2022 | Stainless Espresso
17 October 2022 – Asian stainless steel spot and futures prices rise at the beginning of the week. And China wants to focus its economy even more on the shift towards CO2 neutrality. Source
Oct 14, 2022 | Stainless Espresso
14 October 2022 – The availability of stainless steel in the European Union is showing the first gaps for 304 and 316. Overland shipments remain a challenge. Mexico introduces export ban on certain scrap types. Asian nickel futures end the week up. Stainless...
Oct 13, 2022 | Stainless Espresso
13 October 2022 – The US government is currently considering a ban on Russian aluminium and is already looking at several options. LME is coming under increasing political pressure. Customers are already looking for alternatives for Russian raw materials, even...
Oct 12, 2022 | Stainless Espresso
12 October 2022 – In August and September 2022 there was a significant shortage of Chinese stainless steel. This trend could now continue for October. And a British court approves lawsuits over cancelled nickel deals against the London Metal Exchange....
Oct 11, 2022 | Stainless Espresso
11 October 2022 – Asian spot and futures prices for nickel rose today, in some cases significantly. LME inventories continue to fall. And in China, steel and stainless steel production will be cut by up to 50% due to the upcoming 20th National Congress in...
Oct 10, 2022 | Stainless Espresso
10 October 2022 – The Indian government’s steel export tax is set to remain in place until 2023 and will only be reassessed in the upcoming budget. Asian nickel premiums rose sharply on Monday. And Germany is waiting for the gas price cap. Significant...
Oct 7, 2022 | Stainless Espresso
7 October 2022 – The United Arab Emirates has imposed an export ban on ferrous scrap. In South Korea, storm damage at one of the largest stainless steel producers is causing prices to rise dramatically, and availability is already limited. And EU imposes new...
Oct 6, 2022 | Stainless Espresso
6 October 2022 – Positive data from China, which can also be derived from the freight volumes heading towards Asia, point to a significant revival and positive sentiment in the world’s second largest economy. Which at the same time also has an impact on...
