FED: US with 2.1% economic growth in 2023 – Stainless Espresso
21 September 2023 – The US Federal Reserve yesterday (Wednesday) raised its growth forecast for the US economy to 2.1% this year and also expects growth of at least 1.5% in 2024. A major Chinese stainless steel mill is down for several weeks due to a change in...
Bündnis90/Die Grünen as lobbyists of the German steel industry? – Stainless Espresso
20 September 2023 – Are the German Bündnis90/Die Grünen lobbying the European and German steel industry? A look at the recent past and current election programmes quickly makes this clearer and declares CBAM, which is not supposed to be a market protection...
Asian stainless steel prices remain stable – Stainless Espresso
19 September 2023 – Asian stainless steel prices are currently holding steady, while Chinese analysts are already pointing to the possibility of rising prices. Nickel sulphate remains in short supply. And Indonesian minister warns of dwindling nickel reserves....
Domestic consumption in China continues to pick up speed – Stainless Espresso
18 September 2023 – Chinese consumption has continued to grow. Online retailers in particular are ahead. Commodities could benefit from Chinese domestic consumption. German ports really a matter for the local governments? The German states with maritime ports...
Asian raw material prices continue to gain – Stainless Espresso
15 September 2023 – Asian raw material prices continued to develop positively on Friday, closing in part significantly higher. Chinese stainless steel prices rose. And the LME is once again trying to be more transparent. Source
SMEs ignored by European Commission for decades – Stainless Espresso
14 September 2023 – Nearly 23 million small and medium-sized enterprises have played a subordinate role in the European Union for almost 30 years. Why EC President Ursula von der Leyen only now wants to have recognised this remains a mystery. It is more than...
Indonesia to monitor nickel demand fulfilment – Stainless Espresso
13 September 2023 – The Indonesian government wants to monitor nickel supply more closely and ensure that dwindling raw material reserves contribute to maximum value creation. Consumer sentiment in China has improved markedly and in the United States the bottom...
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...