Sep 19, 2022 | Stainless Espresso
19 September 2022 – South Korea’s largest steel mill will lose about 1.7 million tonnes of steel production, according to the company. Normalisation of production not expected before end of 2022. Nickel price in China continues to rise. LME nickel up 19%...
Sep 16, 2022 | Stainless Espresso
16 September 2022 – A fire at the Russian nickel producer Nornickel has severely damaged part of the nickel electrolysis department. How has the nickel price developed so far in September 2022? And US consumers still in a buying mood, especially for building...
Sep 15, 2022 | Stainless Espresso
15 September 2022 – The Indian steel export tax, which covers about 95% of Indian steel and stainless steel products, is to remain in place until at least the end of 2022. In Europe, stainless steel demand continues to pick up significantly, which could become a...
Sep 14, 2022 | Stainless Espresso
14 September 2022 – Stainless steel prices are influenced by various factors. Besides nickel and ferrochrome, important indicators include 300 series stocks and stainless steel scrap prices. Rebar demand in Europe good, prices expected to rise. Also on scrap:...
Sep 13, 2022 | Stainless Espresso
13 September 2022 – The Asian nickel contracts on the SHFE have increased significantly today. In some cases by more than 10%. Stainless steel prices continue to rise sharply. And the European Commission will present a proposal today to combat forced labour...
Sep 12, 2022 | Stainless Espresso
12 September 2022 – Is the green transformation finally coming to German steelmakers? Yes, but only low-CO2 steel and with big reservations. And only if there are billions in subsidies. Otherwise it won’t. Base metals on the LME are friendly at the start...
Sep 9, 2022 | Stainless Espresso
9 September 2022 – Nickel futures in Asia jumped significantly today. In some cases by more than 8.5%. LME nickel also started trading with significant gains. Overall, base metals, not only in Asia, are up significantly today. What happened? Source
Sep 8, 2022 | Stainless Espresso
8 September 2022 – The rebound in stainless steel prices continues. Not only are rising prices reported from China, but other Asian countries are joining in. And commodity group sees demand for nickel rising by more than 50% by 2030 and sees undersupply coming....
Sep 7, 2022 | Stainless Espresso
7 September 2022 – The spot prices for some grades of stainless steel continued to rise in China today. And according to media reports, Western imports of Russian metals have risen by more than 70% in some cases since the outbreak of the Ukraine war –...
Sep 6, 2022 | Stainless Espresso
6 September 2022 – Fires have broken out at a major stainless steel manufacturer in Pohang, South Korea, due to Typhoon Hinnamnor – extent of damage so far unknown. Stainless steel prices rise – Chinese manufacturers already stocking up extensively...
