EU CBAM: Campaign gift for resigned EC Vice-President? – 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...
Raw nickel supply remains tight, producers nearly sold out in August – 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
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
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
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
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
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
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...