Election in the Netherlands: Outlook for European elections 2024? – Stainless Espresso

Nov 23, 2023 | Stainless Espresso

November 23, 2023 – The election in the Netherlands once again shows the dissatisfaction with the inexplicable decisions from Brussels. For many EU citizens, the EU Commission seems increasingly undemocratic and despotic and far removed from the reality of life...

South African scrap export ban to be extended? – Stainless Espresso

Nov 22, 2023 | Stainless Espresso

22 November 2023 – The South African DTIC, which is responsible for the scrap export ban that currently runs until December 2023, appears to have been asked by several parties to extend it further. This has been strongly criticised by the umbrella organisation...

China’s aluminum sector: Rising demand meets energy shortage – Stainless Espresso

Nov 21, 2023 | Stainless Espresso

21 November 2023 – Aluminum demand in China continues to rise steadily. Green technologies, energy and electric driving are the main drivers of the recovery in aluminum demand. But can demand even be met when the first energy shortages are already here? And...

Steel and aluminum: 12th sanctions package against Russia – Stainless Espresso

Nov 20, 2023 | Stainless Espresso

20 November 2023 – The EU is negotiating new sanctions against Russia. The 12th package will now also include diamonds and probably also Russian aluminum. At the same time, forces in the EU are trying to negotiate exemptions for Russian steel. While the European...

US and China move closer again, EU once again lags behind – Stainless Espresso

Nov 17, 2023 | Stainless Espresso

17 November 2023 – The United States and China are drawing closer again following bilateral talks on the sidelines of the Asia-Pacific Economic Community (Apec) summit in San Francisco. And Chinese industrial production continues to grow in October. Especially...

CBAM: More than 10 billion euros damage to EU industry per year? – Stainless Espresso

Nov 16, 2023 | Stainless Espresso

16 November 2023 – A huge total economic loss of more than 10 billion euros per year is likely to be incurred by EU industry due to incorrect assumptions made by the European Commission when developing the CO2 border adjustment tax CBAM. And the US steel...

Low US inflation, positive sentiment, Europe trending upwards – Stainless Espresso

Nov 15, 2023 | Stainless Espresso

15 November 2023 – The surprisingly low US inflation data has amazed analysts positively. At the same time, good data comes from Europe. And the German share index DAX reacted with a price firework. In addition, the mood in the German economy brightened...

US and Indonesia work on strategic partnership – Stainless Espresso

Nov 14, 2023 | Stainless Espresso

14 November 2023 – US and Indonesia are working on a closer strategic partnership. And while the United States and Indonesia are considering more economic cooperation, the EU is only watching from the sidelines. US banks show strength and Goldman Sachs sees...

Chinese steel mills improve profits, exports rise – Stainless Espresso

Nov 13, 2023 | Stainless Espresso

13 November 2023 – Chinese steel mills were able to expand production after a significant increase in profits. However, strict environmental regulations are unlikely to allow for much production expansion. Chinese exports, particularly to the EU and the Middle...

German industry to get electricity price relief – Stainless Espresso

Nov 10, 2023 | Stainless Espresso

10 November 2023 – German industry is struggling with significantly higher electricity prices compared to China and even more so compared to France. For this reason, German industry is now to receive a significant reduction in electricity prices. However, the...