Nickel: Indonesia falls far short of production targets in 2023 – Stainless Espresso

Jan 16, 2024 | Stainless Espresso

16 January 2024 – According to recent reports, Indonesian nickel production is falling well short of expectations in some areas. Ferronickel alone is producing 100,000 MT less than forecast. And US housebuilding shares soar: 2023 a record year for the...

Asia’s steel market in high tension: Festivities drive up prices – Stainless Espresso

Jan 15, 2024 | Stainless Espresso

15 Januar 2024: The Asian market is experiencing a boom ahead of the Chinese New Year celebrations: demand for steel and stainless steel is growing, stocks are shrinking and prices are climbing. Aluminum scrap: shortages in China despite significantly increased...

SHFE nickel futures up again – Stainless Espresso

Jan 12, 2024 | Stainless Espresso

12 January 2024 – Rising nickel prices and a stable development in stainless steel in Asia have filled manufacturers’ order books well. Market sources also report a significant increase in demand from the United States and Europe. Source

Scrap protectionism: Russia extends ferrous scrap export quotas – Stainless Espresso

Jan 11, 2024 | Stainless Espresso

January 11, 2024 – Russia has extended its scrap export restrictions and the corresponding quotas until mid-2024. Increasing demand for stainless steel scrap in China. And Mexico’s economy is benefiting greatly from US nearshoring activities. Source

Red Sea: Are shipping lines shamelessly exploiting the situation? – Stainless Espresso

Jan 10, 2024 | Stainless Espresso

10 January 2024 – Now that freight rates from India have jumped by up to 400%, even for routes that do not touch the Red Sea, the question arises as to whether shipping lines are shamelessly exploiting the situation. Is this threatening them with a political and...

Big Short’s next move? Australia’s battle against China’s nickel giants

Jan 9, 2024 | Stainless Espresso

9 January 2024 – Australia’s nickel industry is stumbling and has already identified a culprit: Xiang Guangda, also known as “Big Short”, the owner of Tsingshan Holdings. Necessary clean-up at the steel trading giants? Thyssenkrupp and Klöckner...

Europe’s stainless steel market 2024: An optimistic start! – Stainless Espresso

Jan 8, 2024 | Stainless Espresso

8 January 2024 – The European stainless steel market has started 2024 with an optimistic outlook and sees a great deal of pent-up demand coming from the domestic industry. Local steel manufacturers are being overwhelmed by a flood of imports from China, while at...

New EU CBAM scandal: CO2 data farce threatens EU industry! – Stainless Espresso

Dec 29, 2023 | Stainless Espresso

29 December 2023 – Shortly before Christmas, on 22 December 2023, the European Commission published the default data for the upcoming CBAM declarations from January 2024. The Commission had already published the basic studies on this in June 2022 and September...

After tough negotiations: Germany names CBAM authority – Stainless Espresso

Dec 25, 2023 | Stainless Espresso

25 December 2023 – After months of negotiations, Germany finally appoints national CBAM authority: The Federal Environment Agency and the German Emissions Trading Authority (DEHSt) take on the job. And there was a devastating explosion in a nickel factory in...

Scrap: China maintains 40% export tariffs in 2024 – Stainless Espresso

Dec 22, 2023 | Stainless Espresso

22 December 2023 – China maintains 40% export tariffs on ferrous scrap and stainless steel scrap in 2024. And the Stainless Espresso and Gerber Group team wishes you happy holidays. Source