Chinese stainless steel prices rise significantly – Stainless Espresso

Apr 12, 2023 | Stainless Espresso

12 April 2023 – Chinese spot market prices for stainless steel rose significantly today – some grades went up by more than 4%. Nickel prices on the SHFE also went up by about 3%. Market sources expect further price increases. And will Indonesia get its own...

Germany: Automotive sector picks up speed – Stainless Espresso

Apr 11, 2023 | Stainless Espresso

11 April 2023 – Sentiment in the auto industry in Germany improved significantly in March. Indonesia is desperately trying to get a foothold in the US industry, but is struggling not only with too much Chinese influence and a lack of environmental standards. Demand...

Global supply crunch for metals around the corner? – Stainless Espresso

Apr 10, 2023 | Stainless Espresso

10 April 2023 – Is the next raw material supply crunch already lying in wait around the next corner? More and more analysts point to declining ore quality and the increasing demand for raw materials for renewable energies. Are supplier countries possibly coming...

Demand for steel drives need for ferrous scrap – Stainless Espresso

Apr 6, 2023 | Stainless Espresso

April 6, 2023 – U.S. car dealers are selling more vehicles again. US scrap demand high and steady. Turkey needs about 6 million tons of steel scrap for reconstruction. And have analysts been too conservatively optimistic on nickel availability? Source

Steel dispute between EU and US about to escalate? – Stainless Espresso

Apr 5, 2023 | Stainless Espresso

5 April 2023 – The ongoing steel dispute between the European Union and the United States appears to be on course for further escalation. The US demand for an exemption from the Carbon Border Tax CBAM is putting the European Union on the spot. Bureaucratic...

The LME nickel contract and robust economic data – Stainless Espresso

Apr 4, 2023 | Stainless Espresso

4 April 2023 – Is the LME diluting the nickel contract with its announcement of changes? Or did something slip through the cracks? Robust economic data from Japan. Little liquidity stress in the US financial sector. And mining and mining stocks in good buying...

China: Construction sector in best mood in 12 years – Stainless Espresso

Apr 3, 2023 | Stainless Espresso

3 April 2023 – The Economy in China is gaining momentum. This is not only shown by the relevant indices, but also by the Chinese construction industry, which is considered an important factor for steel and stainless steel demand. Nickel prices in Asia are rising...

EU: Growing quality problems with stainless steel? – Stainless Espresso

Mar 31, 2023 | Stainless Espresso

31 March 2023 – Quality problems at well-known Taiwanese stainless steel producers seem to be due to the use of inferior primary products. At the same time, the same problem appears to be occurring with European stainless steel producers. Is there possibly a...

EU Safeguard Measure: Northern Ireland with its own quota? – Stainless Espresso

Mar 30, 2023 | Stainless Espresso

30 March 2023 – Northern Ireland is to get its own EU Safeguard Tariff Rate Quota for imports from the UK, according to the European Commission. And U.S. Supreme Court rejects appeal request related to Trump-era Section 232 Tariffs on steel. Source

Taiwan: stainless steel input material running short? – Stainless Espresso

Mar 29, 2023 | Stainless Espresso

29 March 2023 – Market sources from Taiwan report that starting materials for certain stainless steel grades and sizes are in short supply or not available at all. The EU is agreeing on new instruments for coercive measures. And the EU Carbon Price has dropped...