China’s stock markets supported by Beijing’s measures – 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...
Stainless steel prices increased last week – Stainless Espresso
28 August 2023 – Stainless steel prices rose again last week. And SHFE Nickel had also ended last week with a positive trend. Real estate group Evergrande is back on the stock market after the group halved its losses and was able to capitalize on rising demand...
Next commodity trader hit by nickel fraud – Stainless Espresso
25 August 2023 – Once again, a commodity trader who thought nickel was in his containers has been hit by a scam that commodity major Trafigura has also suffered this year. And after EU natural gas prices shot up due to a strike in Australia, they temporarily...
Chinese copper prices rise on positive sentiment – Stainless Espresso
24 August 2023 – Copper prices on the SHFE rose again Thursday on positive sentiment, political tailwinds and rising demand for other raw materials. And is the LME losing the nickel case in court? Source
US mills increase stainless steel alloy surcharges for September 2023 – Stainless Espresso
23 August 2023 – Stainless steel alloy surcharges in the United States for September 2023 are increasing. In particular, the surcharge for 316/316L is jumping up. Natural gas prices in Germany fell dramatically in July. And Asian commodities continue to develop...
World’s largest H2 direct reduction plant starts operation in Germany? – Stainless Espresso
22 August 2023 – You’re only being lied to if you believe it! Has the world’s largest H2 direct reduction plant really been commissioned in Germany and what does that actually mean? But this should not distract from us the positive facts: A look at...
CBAM, anti-circumvention, and positive developments in Asia – Stainless Espresso
21 August 2023 – No sooner has the EC returned from holiday than it not only presents a hasty final CBAM regulation, but also follows up with several anti-circumvention investigations against stainless steel from Indonesia. While commodity prices in Asia are...
U.S. Department of Energy expands critical materials list – Stainless Espresso
4 August 2023 – The U.S. Department of Energy has expanded its critical materials list in a recent assessment. And found that global nickel demand could lead to critical supply risks. And spot rates for container shipments jumped upward last week. Source