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?...
Prices for SHFE base metals pick up – Stainless Espresso
13 July 2023 – The prices for base metals, such as nickel, aluminum or zinc, have increased today on the SHFE by up to 2.7%. Other major commodity futures are also moving up again. SHFE plans warehouses outside China? G10 countries with unemployment rates down...
Global scrap supply to tight for future steelmaking – Stainless Espresso
12 July 2023 – Global scrap availability is expected to deteriorate significantly in the near term after more and more Asian steelmakers announced plans to increase scrap quotas. And in the United States, prices are rising for HRC, CRC and HDG. Source
Are US steel tariffs for Mexico coming back now? – Stainless Espresso
10 July 2023 – After a strong increase in steel and aluminium imports, the US government has voiced criticism towards Mexico and also brought up the possibility of reintroducing punitive tariffs. The US unemployment figures have fallen again. And the Chinese...
EU steel industry is leading the way to Net-Zero? – Stainless Espresso
7 July 2023 – Is the EU steel industry really leading the way to Net-Zero? Or is this just another false flag operation? And the demand to Berlin: less kowtowing to the steel hammer and more daring of the Mittelstand (SMEs)! Source
Asian nickel prices rise sharply – Stainless Espresso
6 July 2023 – Nickel prices in Asia rose significantly today. Some are up more than 4.7%. Market participants expect support for the stainless steel market. And in the United States, car sales continue to pick up. Source
Steel prices are expected to rise – Stainless Espresso
5 July 2023 – Steel prices are expected to rise again soon. This is the increasing opinion of analysts. In addition, the Chinese steel province of Tangshan is now imposing production restrictions of 50% to counter air pollution. Competition between high grade,...
Chinese automobile market provides optimism – Stainless Espresso
4 July 2023 – Chinese automobile market provides optimism. Tesla exceeds expectations. Strong steel demand from Asia, Africa and the Middle East. And SHFE stainless steel stocks down, nickel stock critically low. Source