Are anti-circumvention actions now coming against EU stainless steel? – Stainless Espresso
10 October 2023 – Will the anti-circumvention proceedings against stainless steel from Indonesia boomerang on EU Mills? There are indications that this is the case. Nickel price in Asia rises by about 1.8%. And be careful where you ship stainless steel....
CBAM: EC again shows questionable behaviour – Stainless Espresso
9 October 2023 – Once again the EU CO2 border tax attracts negative attention and puts the behaviour of the European Commission (EC) in a more than questionable corner. Favouritism at the EC or how critical voices were systematically excluded from CBAM...
EU climate tariff CBAM enrages German businesses – Stainless Espresso
6 October 2023 – Medium-sized companies in Germany are angrily up in arms against the EU climate tariff CBAM. Because neither the responsibilities have been clarified, nor is there a functioning system and it is becoming increasingly clear that the EC has simply...
EU Circumvention claims against stainless steel not tenable? – Stainless Espresso
5 October 2023 – The circumvention claims made by EUROFER and EU stainless steel producers against cold-rolled stainless steel products from Turkey, Taiwan and Vietnam originating in Indonesia are proving to be extremely shaky and contrived after only a brief...
Tightening of EU scrap export ban in planning? – Stainless Espresso
4 October 2023 – Are European steelmakers working on tightening the EU ferrous scrap export ban? Large-scale green DRI production already off the table? And UK consumer stocks have been strong so far in 2023. Source
China’s economy continues to stabilise in September – Stainless Espresso
3 October 2023 – The Chinese economy continued to stabilise in September 2023. This is shown by the latest PMI data for the manufacturing and service sectors in China. Aluminium stocks continued to fall due to stable and growing demand from China. Source
EU CBAM transition phase gets off to a more than jerky start – Stainless Espresso
2 October 2023 – The EU Carbon Border Tax CBAM launched on 1 October is already proving to be unfinished at the start. Not even all competent authorities in the member states have been determined. German authorities clueless about CBAM? Positive: And the US ISM...
EU sanctions against Russian steel imports from 30 September 2023 – Stainless Espresso
29 September 2023 – New EU sanctions against Russian steel products will come into force on 30 September, requiring manufacturers to prove that their processed products do not contain Russian steel. This is likely to affect India in particular. In China, the...