US-EU steel dispute at an impasse? – Stainless Espresso
25 July 2023 – Negotiations in the steel dispute between the United States and the European Union appear to have reached an impasse. The US side’s displeasure is evident in a recent press release. The Europeans remain silent. And China signals further...
Car semiconductors in strong demand – Stainless Espresso
24 July 2023 – The outlook for semiconductors in cars looks bright. Forecast for global car production in 2023, 2024 and 2025 significantly, to 86.7, 87.9 and 90.5 million cars. EU approves billions in subsidies for steel that may never turn green. Source
US sanctions Russian nickel and copper producer – Stainless Espresso
21 July 2023 – The United States has imposed sanctions on one of Russia’s main copper and nickel producers. A possible exemption for India from the EU Carbon Border Tax CBAM is likely to be off the table with the announcement of a massive capacity...
Raw material prices rise again, SHFE adjusts price limits – Stainless Espresso
20 July 2023 – After SHFE adjusted margin ratios and stop limits for rebar, wire rod, hot rolled coil and stainless steel, among others, last week, Asian commodity prices continue to rise today. HRC prices increased, demand continues to rise? Source
Aluminum Sheet: US launches circumvention investigation – Stainless Espresso
July 19, 2023 – The U.S. Department of Commerce (DOC) has launched a circumvention investigation into Common Alloy Aluminum Sheets from South Korea via China. Asian commodity prices continue to rise on Wednesday. And Stainless Espresso: Strong, hot and compact!...
China: Important course decisions expected – Stainless Espresso
18 July 2023 – The Chinese Politburo’s decisions for the second half of 2023 are eagerly awaited, especially about interest rate developments. Commodity prices in Asia continue to be friendly. And scrap in parts of Asia scarce, pig iron demand therefore...
Stainless steel prices stable, increases expected from Taiwan – Stainless Espresso
17 July – Stainless steel prices have stabilised further and Taiwanese market participants expect price increases for August, which are positively supported by a decline in production and the rebound in nickel, among other factors. From China, there are first...
Indonesian nickel export ban: EC moves to next level – Stainless Espresso
14 July 2023 – The European Commission has launched public consultations on the Indonesian nickel export ban with a view to deciding on possible new punitive measures against Indonesia from autumn 2023. Next stage of escalation in the conflict with Indonesia?...