Russian aluminum included in EU’s 12th sanctions package? – Stainless Espresso
October 26, 2023 – The 12th package of sanctions currently being prepared by the European Union against Russia could include aluminum as another critical raw material. But nickel and titanium could also be an option. And China’s economy and markets...
Strong demand: US steel prices and delivery times continue to rise – Stainless Espresso
25 October 2023 – Delivery times and prices for steel in the United States continue to rise. In China, inventories of semi-finished steel products have fallen by almost 1 million tonnes since the beginning of September. And the “industrial policy of the...
German Federal Minister of Economics calls for the subsidy watering can – Stainless Cappuccino
25 October 2023 – The new strategy paper on the “Industriepolitik in der Zeitenwende” (industrial policy of the turn of the times) from the German Federal Ministry of Economics and Climate Protection shows once again who Robert Habeck’s...
Indonesia to implement new export restrictions on schedule – Stainless Espresso
24 October 2023 – Indonesia plans to implement further export restrictions to further strengthen its domestic manufacturing industry. Poland’s industrial production is growing significantly. And natural gas prices in Europe fell again yesterday....
Steel dispute continues, EU-US steel club fails for now – Stainless Espresso
23 October 2023 – European Union and US government fail to reach agreement in the ongoing steel dispute. European Commission came to negotiations empty-handed. Is Brussels acting too slowly for Washington? And rising steel production in India and China is...
Indian stainless steel giant in trouble again? – Stainless Espresso
20 October 2023 – Indian stainless steel group Jindal seems to be thinking aloud about ending its stainless steel production in Indonesia after recent business figures that fell well short of expectations. And scrap demand in Taiwan is up more than 34%...
EC to use CBAM CO2 taxes to pay off debts? – Stainless Espresso
19 October 2023 – According to plans of the European Commission and the European Economic and Social Committee, the revenues from the CO2 tax CBAM and the trading of ETS certificates are to be used for the interest and debt repayment of the 800 billion Euro...
Scrap in short supply, iron ore in high demand – Stainless Espresso
18 October 2023 – With steel scrap hard to come by in China, steelmakers are scrambling for iron ore. Chinese iron ore stocks have now fallen to their lowest level in 7 years despite high imports. Worldsteel expects demand for steel to continue to grow by up to...