New 200% US aluminium Section 232 tariffs also on end products – Stainless Espresso

Mar 1, 2023 | Stainless Espresso

1 March 2023 – The new US Section 232 duties of 200% affect not only primary aluminium, but also intermediate and end products made with Russian aluminium. When can nickel still be mined economically? And Chinese stainless steel rolling mills have to stop...

Stainless steel giant suffers defeat in EU court – Stainless Espresso

Feb 28, 2023 | Stainless Espresso

28 February 2023 – The Tsingshan Group has suffered a first defeat in an EU court in its request to lift market protection measures against stainless steel imports into the EU. Stainless steel stocks continue to fall in China. Chinese workers sue Indonesia...

Punitive tariffs on nickel, aluminium and other metals doubled – Stainless Espresso

Feb 27, 2023 | Stainless Espresso

27 February 2023 – The US government will double punitive tariffs on many Russian metal products from 1 April 2023. These include aluminium, copper, lead and steel – but also nickel! Stainless steel scrap in China now economic alternative to NPI. And...

Iron ore more expensive, steel scarce, China comes back – Stainless Espresso

Feb 24, 2023 | Stainless Espresso

24 February 2023 – Iron ore prices are well above the level of the last 5 years. A rise to $150 per tonne possible. Steel is getting scarcer. China’s property market is coming back. And can the start of Asian overnight trading in nickel save the LME?...

EU scrap export: Is the steel export ban now looming? – Stainless Espresso

Feb 23, 2023 | Stainless Espresso

23 February 2023 – Scrap exports from the EU are to be banned. This could be a boomerang for steel producers. Is the demand for a steel export ban coming? US HRC prices jump significantly upwards. Goldman Sachs sees rising commodity prices coming in 2023 with...

Most important EU nickel supplier to drop out? – Stainless Espresso

Feb 22, 2023 | Stainless Espresso

22 February 2023 – Russian mining group Norilsk Nickel seems to be thinking about stopping its sales to Europe. This could pose a huge problem for the EU, which gets about 50% of the important raw material from Russia. Stainless steel prices in China are rising....

US stainless steel imports pick up significantly in January – Stainless Espresso

Feb 21, 2023 | Stainless Espresso

21 February 2023 – Stainless steel imports to the United States increased by more than 38% in January. US stainless steel mills significantly increase 316/316L alloy surcharges for March 2023. And first Chinese provinces ration energy again, again particularly...

Ferrochrome prices strong, availability tight – Stainless Espresso

Feb 20, 2023 | Stainless Espresso

20 February 2023 – Supply of ferrochrome and chrome ores remains tight, keeping prices high. Indonesia has a growing dilemma with its nickel. And ArcelorMittal collects Western tax billions for decarbonisation and even wants to increase CO2 emissions tenfold in...

EU Carbon Border Tax CBAM, a growing concern for Africa – Stainless Espresso

Feb 17, 2023 | Stainless Espresso

17 February 2023 – African countries could lose 30 to 35% of their exports to Europe with the introduction of the EU Carbon Border Tax (CBAM), according to a recent study. Indonesia wants to maintain its bauxite export ban, but is having growing problems finding...

Skills shortage in mining hits lack of investment – Stainless Espresso

Feb 16, 2023 | Stainless Espresso

16 February 2023 – The skills shortage is hitting the mining industry hard. Mining engineering degrees have fallen by up to 63%. At the same time, there is a massive lack of investment. Indonesian stainless steel mill raises prices further. LME nickel stocks at...