May 31, 2022 | Stainless Espresso
31 May 2022 – Depending on the region, steel prices have been holding steady for two to four weeks. Market participants concerned about quality. India to shut down up to 50% of its coal-fired power plants. Strike broke out at Canadian nickel mine. And LME and...
May 30, 2022 | Stainless Espresso
30 May 2022 – The current review of the EU Safeguard measure on certain steel products must be completed by 30 June 2022. So far so good, nothing unusual for the most important and largest market protection measure for EU steel producers. But, as with previous...
May 30, 2022 | Stainless Espresso
30 May 2022 – Many rumours, one weighty question: Will the EU Safeguard measure on certain steel products be lifted? A few answers. Is the chip shortage that had hampered the automotive industry about to dissipate? There are signs of a turnaround. Nickel prices...
May 27, 2022 | Stainless Espresso
27 May 2022 – Cold-rolled stainless steel consumption is expected to increase by more than 4% globally in 2022. Demand for stainless steel remains high worldwide, according to the ISSF’s latest forecast. Nickel demand is expected to increase by 9 to 12%...
May 25, 2022 | Stainless Espresso
25 May 2022 – As we have just learned, the suspension of the EU anti-dumping measure on flat rolled aluminium products originating in China (AD668) has not been extended by the European Commission. As of July 12, 2022, anti-dumping duties will again be imposed...
May 25, 2022 | Stainless Espresso
25 May 2022 – Indonesia plans to introduce an export ban on low grade nickel products with nickel content below 60%. This is likely to exclude many nickel pig iron, sulfate and also nickel matte products from the international market. British trade authority...
May 24, 2022 | Stainless Espresso
24 May 2022 – Already on Monday after India’s announcement of a 15% export tax on steel and stainless steel, global HRC prices rose by up to 4% in some cases. Market participants expect that EU steel producers will now also adjust their prices upwards....
May 23, 2022 | Stainless Espresso
23 May 2022 – Market sources report that Indian stainless steel manufacturers have already reacted to the export tax on steel and stainless steel introduced by the government. Previously, the Indian media had assumed that this would be to the detriment of...
May 23, 2022 | Stainless Espresso
23 May 2022 – India has imposed new export taxes on iron ore, stainless steel and steel on 21 May 2022, some of them of up to 50%. According to the Indian government, to keep important raw materials in the country. The International Energy Agency (IEA) pointed...
May 20, 2022 | Stainless Espresso
May 20, 2022 – The nickel price on the LME exited trading yesterday (Thursday) up more than 8%. Dip-buying due to the current market outlook for commodities – scarcity, high demand and 800 billion investment in offshore energy alone by 2050 – is...
