US Section 232 Tariffs on steel and aluminum firmly established – Stainless Espresso
31 October 2023 – US Section 232 tariffs have once again been upheld as lawful by the US Supreme Court. And earnings figures in the United States come as a positive surprise at the start of the reporting period. Source
Indonesian nickel association warns of tight nickel reserves – Stainless Espresso
30 October 2023 – The Indonesian Nickel Miners Association recently warned that the country’s high-grade nickel ore reserves could be exhausted in six years. The buying mood in the United States and the economic development in Japan continue to show...
EU stainless steel scrap – where is the journey heading? – Stainless Espresso
27 October 2023 – The EU market for stainless steel scrap has been fiercely competitive for years. While many scrap dealers have to fear for the recently increased scrap prices due to the pressure from the EU mills, the domestic stainless steel producers are...
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...