China: Consumption clearly on the rise – Stainless Espresso

Mar 14, 2023 | Stainless Espresso

14 March 2023 – Chinese consumption is steadily increasing. In February, the granting of short-term consumer loans in China rose by more than 250%. This is likely to have already reached the local economy and to continue to increase. EU committee presents...

EU steel producers: No CO2 reduction since 2005? – Stainless Espresso

Mar 13, 2023 | Stainless Espresso

13 March 2023 – EU steel producers, led by a major German group, have made no really progress in decarbonising their blast furnaces since 2005. And now everything is supposed to get better? A critical look at green symbols. Canada wants to ban Russian steel and...

German aluminium smelter shuts down – Stainless Espresso

Mar 10, 2023 | Stainless Espresso

10 March 2023 – A major German aluminium smelter reports it will begin the shutdown process due to high electricity costs. And good news from Germany. Rising exports, growing orders and high demand for heat pumps – good outlook for stainless steel....

Nickel needs reliable trading place, demands grow louder – Stainless Espresso

Mar 9, 2023 | Stainless Espresso

9 March 2023 – The calls for a reliable trading place for nickel are getting louder after a year of nickel fiasco. US stainless steel producer raises base prices. And the EU’s plan to have its critical raw materials mined and refined in Europe could be...

Is thyssenkrupp steel really becoming greener? – Stainless Espresso

Mar 8, 2023 | Stainless Espresso

8 March 2023 – Is thyssenkrupp steel really becoming greener and cleaner? That’s a good question, since press releases spread a lot of self-praise and like to distract from important things with linguistic quibbles. The United States announces the results...

Nickel: Commodity exchange can’t get out of crisis of confidence – Stainless Espresso

Mar 7, 2023 | Stainless Espresso

7 March 2023 – The LME cannot get out of its crisis of confidence. After the British regulator is seeking legal action against the LME, it has now also become known that a group of ten hedge funds has sued the commodity exchange for damages. Demand for steel and...

EU CBAM: Nothing ready yet – Can CBAM even start in 2023?

Mar 6, 2023 | Stainless Espresso

6 March 2023 – The introduction of the EU Carbon Border Tax CBAM is planned for October 2023. But nothing seems to be ready yet. Not even a final regulation has been decided yet, or a generally applicable calculation key for the calculation of CO2 emissions. FCA...

Breaking News: Result of EU Anti-circumvention Investigation against Stainless Steel Products from Malaysia Published

Mar 3, 2023 | Stainless Espresso

3 March 2023 – The European Commission (EC) has today, 3 March 2023, published the findings of the anti-circumvention investigation R777 against stainless steel from Malaysia. The investigation concludes that circumvention of the definitive anti-dumping duty...

US steel shortage grows, End to EU Green Steel subsidies – Stainless Espresso

Mar 3, 2023 | Stainless Espresso

3 March 2023 – The steel shortage in the United States is now exacerbated by outages at several steelmakers. US Congressional Steel Caucus calls for strong market protections. End to Green Steel subsidies demanded: The European Commission must impose tougher...

Good economic data from China – Stainless Espresso

Mar 2, 2023 | Stainless Espresso

2 March 2023 – The latest Chinese economic data are surprisingly good. This is causing demand and prices to rise. Especially for raw materials for steel and the corresponding demand, the market is very optimistic. Hydrogen in the EU only for industry? Why is the...