Raw nickel supply remains tight, producers nearly sold out in August – Stainless Espresso

Sep 11, 2023 | Stainless Espresso

11 September 2023 – As raw nickel supplies remain tight and producers of nickel sulphate nearly sold out in August, analysts are positive on the price trend of the stainless steel and battery raw material. Out of fear of shortages, NPI producers are already...

Heating law: Is Germany cheating on CO2 savings? – Stainless Espresso 

Sep 8, 2023 | Stainless Espresso

8 September 2023 – Has the biggest CO2 polluter in the EU, Germany, made the results of its new heating law look good, taking Brussels as an example? And we wonder about the panic-stricken awakening of the Assofermet in Italy.  Source

Nickel investors before new entry? – Stainless Espresso

Sep 7, 2023 | Stainless Espresso

7 September 2023 – Short setback in nickel futures. Are investors already close to re-entry? German auto market continues to grow significantly in August. And in the EU-US steel dispute is still no agreement in sight. Is a transatlantic steel cartel looming?...

The European ANGST of stainless steel from Indonesia – Stainless Espresso 

Sep 6, 2023 | Stainless Espresso

6 September 2023 – It must reek of cold sweat of fear in the boardrooms of European stainless steel producers. towards the nickel and stainless steel giant Indonesia certainly seems to be enormous. Source

New Chinese work plan to limit steel production – Stainless Espresso

Sep 5, 2023 | Stainless Espresso

5 September 2023 – The Chinese government presented its “Work Plan for Steady Growth of the Iron and Steel Industry” at the end of August. Market participants expect a drastic reduction in crude steel production from October. And Mexico’s...

Steel: EU sanctions against Russian intermediate products – Stainless Espresso

Sep 4, 2023 | Stainless Espresso

4 September 2023 – From the end of September, new EU sanctions against Russian steel products will come into force – this time against steel and iron precursors in finished products. The latest US labour market data point to easing and Asian nickel prices...

Nickel prices start September 2023 on a positive note – Stainless Espresso

Sep 1, 2023 | Stainless Espresso

1 September 2023 – Asian nickel prices rose on September 1. Tight availability and strong demand appear to be the driving forces here. Freight rates from Asia to North America have jumped, in some cases significantly, indicating an increase in demand there. And...

Indonesian nickel ore capacities already exhausted? – Stainless Espresso

Aug 31, 2023 | Stainless Espresso

August 31, 2023 – After some significant price jumps for Indonesian nickel ore due to a shortage of raw materials, the first companies now appear to be buying from the Philippines to cover their requirements. And Asian raw material prices continue to develop...

EU stainless steel producers with order books filling up – Stainless Espresso

Aug 30, 2023 | Stainless Espresso

30 August 2023 – EU stainless steel producers’ order books are currently filling up and delivery times have also shifted dramatically towards the end of 2023. Taiwanese stainless steel prices for September to rise. Asian NPI prices up as much as 8% in...

China’s stock markets supported by Beijing’s measures – Stainless Espresso

Aug 29, 2023 | Stainless Espresso

29 August 2023 – Chinese stocks saw a rise of up to 5.5% at the start of the week. This is due to government interventions to stabilize real estate and capital markets. And lawsuits to lift EU anti-dumping duties extended to Turkey against hot-rolled stainless...