Lawsuit: Poland calls for repeal of EU CBAM and ETS system – Stainless Espresso

Sep 25, 2023 | Stainless Espresso

25 September 2023 – Poland has filed a lawsuit with the European Court of Justice against the EU regulations on CO2 allowance trading, the Market Stability Reserve and the CO2 Carbon Border Tax CBAM, which is due to start in October 2023. And on 26 September,...

EU gas prices decline as supply outlook improves – Stainless Espresso

Sep 22, 2023 | Stainless Espresso

22 September 2023 – EU gas prices have continued to fall this week, which should help the manufacturing industry. In South Korea, a large stainless steel plant will cease production at the end of the month. And Indonesia is not allocating any new mining quotas...

FED: US with 2.1% economic growth in 2023 – Stainless Espresso

Sep 21, 2023 | Stainless Espresso

21 September 2023 – The US Federal Reserve yesterday (Wednesday) raised its growth forecast for the US economy to 2.1% this year and also expects growth of at least 1.5% in 2024. A major Chinese stainless steel mill is down for several weeks due to a change in...

Bündnis90/Die Grünen as lobbyists of the German steel industry? – Stainless Espresso 

Sep 20, 2023 | Stainless Espresso

20 September 2023 – Are the German Bündnis90/Die Grünen lobbying the European and German steel industry? A look at the recent past and current election programmes quickly makes this clearer and declares CBAM, which is not supposed to be a market protection...

Asian stainless steel prices remain stable – Stainless Espresso

Sep 19, 2023 | Stainless Espresso

19 September 2023 – Asian stainless steel prices are currently holding steady, while Chinese analysts are already pointing to the possibility of rising prices. Nickel sulphate remains in short supply. And Indonesian minister warns of dwindling nickel reserves....

Domestic consumption in China continues to pick up speed – Stainless Espresso

Sep 18, 2023 | Stainless Espresso

18 September 2023 – Chinese consumption has continued to grow. Online retailers in particular are ahead. Commodities could benefit from Chinese domestic consumption. German ports really a matter for the local governments? The German states with maritime ports...

Asian raw material prices continue to gain – Stainless Espresso

Sep 15, 2023 | Stainless Espresso

15 September 2023 – Asian raw material prices continued to develop positively on Friday, closing in part significantly higher. Chinese stainless steel prices rose. And the LME is once again trying to be more transparent. Source

SMEs ignored by European Commission for decades – Stainless Espresso

Sep 14, 2023 | Stainless Espresso

14 September 2023 – Nearly 23 million small and medium-sized enterprises have played a subordinate role in the European Union for almost 30 years. Why EC President Ursula von der Leyen only now wants to have recognised this remains a mystery. It is more than...

Indonesia to monitor nickel demand fulfilment – Stainless Espresso

Sep 13, 2023 | Stainless Espresso

13 September 2023 – The Indonesian government wants to monitor nickel supply more closely and ensure that dwindling raw material reserves contribute to maximum value creation. Consumer sentiment in China has improved markedly and in the United States the bottom...

EU CBAM: Campaign gift for resigned EC Vice-President? – Stainless Espresso

Sep 12, 2023 | Stainless Espresso

12 September 2023 – Was the rushed introduction of the final EU CBAM Regulation on 17 August 2023 just an election campaign gift for Frans Timmermans, who resigned as Executive Vice-President of the EUROPEAN COMMISSION on 22 August 2023? And immediate action...