Aug 23, 2022 | Stainless Espresso
23 August 2022 – Germany’s largest steel producer, thyssenkrupp, which has been rescued several times by billions in taxpayers’ money and is therefore almost a state-owned company, seems to be in trouble again in some areas. Market participants...
Aug 22, 2022 | Stainless Espresso
22 August 2022 – The US stock market is up 15% since mid-June despite challenges in the capital markets. And nickel futures in Asia are up more than 5% in some cases today. Indonesian nickel tax and concerns about shortages in raw material reserves drive price....
Aug 19, 2022 | Stainless Espresso
19 August 2022 – There is fierce competition for steel scrap. In the first half of 2022 alone, the EU exported almost as much scrap as in the whole of 2021 or 2020. It quickly becomes clear why ferrous and non-ferrous scrap is already being called the new gold....
Aug 18, 2022 | Stainless Espresso
18 August 2022 – Rising dividends at S&P 500 companies in the United States. Rising demand meets supply challenges. And crisis, no thanks. Identify and seize opportunities in a crisis. Source
Aug 17, 2022 | Stainless Espresso
August 17, 2022 – The LME has banned Russian nickel products from its warehouses in the UK. Chinese steel and aluminum producers are having to cut production or stop altogether due to energy rationing. Tsingshan is actually considering possible sales of...
Aug 16, 2022 | Stainless Espresso
August 16, 2022 – According to media reports, a majority stake in Tsingshan’s Indonesian stainless steel operations is to be sold to a Chinese state-owned company. Is this the price of salvation in the collapsed nickel deal? South African bill on scrap...
Aug 15, 2022 | Stainless Espresso
August 15, 2022 – China’s central bank has cut its key interest rate to support the domestic economy, in particular the real estate sector. EU imposes anti-dumping duties on corrosion-resistant steels originating in Russia and Turkey. And the UK announces...
Aug 12, 2022 | Stainless Espresso
August 12, 2022 – The nickel market rally continued into the weekend in Asia. And also the nickel on the LME. Where does this new nickel price rally come from? The ingredients for a new significant price increase in the raw material, which is not only important...
Aug 11, 2022 | Stainless Espresso
August 11, 2022 – The nickel on the LME had yesterday reacted exceedingly positively to the lower US inflation and made a jump upwards. Nickel futures on the SHFE have risen even more today. Also otherwise, the markets take the lower inflation as a positive...
Aug 10, 2022 | Stainless Espresso
10 August 2022 – The US Senate has passed a multi-billion dollar climate package. At the same time, China terminates climate cooperation with the United States, which seems mainly rooted in the Taiwan conflict, but could also be the prelude to a new race between...
