Indonesia to implement new export restrictions on schedule – Stainless Espresso
24 October 2023 – Indonesia plans to implement further export restrictions to further strengthen its domestic manufacturing industry. Poland’s industrial production is growing significantly. And natural gas prices in Europe fell again yesterday....
Steel dispute continues, EU-US steel club fails for now – Stainless Espresso
23 October 2023 – European Union and US government fail to reach agreement in the ongoing steel dispute. European Commission came to negotiations empty-handed. Is Brussels acting too slowly for Washington? And rising steel production in India and China is...
Indian stainless steel giant in trouble again? – Stainless Espresso
20 October 2023 – Indian stainless steel group Jindal seems to be thinking aloud about ending its stainless steel production in Indonesia after recent business figures that fell well short of expectations. And scrap demand in Taiwan is up more than 34%...
EC to use CBAM CO2 taxes to pay off debts? – Stainless Espresso
19 October 2023 – According to plans of the European Commission and the European Economic and Social Committee, the revenues from the CO2 tax CBAM and the trading of ETS certificates are to be used for the interest and debt repayment of the 800 billion Euro...
Scrap in short supply, iron ore in high demand – Stainless Espresso
18 October 2023 – With steel scrap hard to come by in China, steelmakers are scrambling for iron ore. Chinese iron ore stocks have now fallen to their lowest level in 7 years despite high imports. Worldsteel expects demand for steel to continue to grow by up to...
UAE scrap export ban extended until December 2023 – Stainless Espresso
16 October 2023 – According to media reports, the UAE has extended the existing export ban on steel and stainless steel scrap until at least December 2023. This is an important indication of the importance of waste in the stainless steel production chain....
Commodity imports to China remain buoyant – Stainless Espresso
16 October 2023 – China’s commodity imports remain buoyant in September. Iron ore imports over 100 million tonnes for second month in a row. Support from infrastructure projects. And German carmakers significantly increase exports of e-vehicles and...
EU: Provisional anti-dumping duties imposed on key raw material – Stainless Espresso
13 October 2023 – The European Commission (EC) imposed provisional anti-dumping duties on 12 October 2023 on a key raw material used in battery production, among others, but also partly in stainless steel production. And the outlook for US construction stocks...