EU import quotas for some steel products already exhausted – Stainless Espresso
28 July 2023 – Everything so bad in the market? It doesn’t seem so, as it turns out that some of the Safeguard import quotas are already well filled, such as for stainless steel bars. And US homebuilder stocks are up a good 50% since the beginning of the...
EU stainless steel producers signal rising prices – Stainless Espresso
27 July 2023 – Spanish stainless steel producer Acerinox, in releasing its Q2 and H1 2023 results, also indicated that destocking in Europe is almost complete and prices are expected to rise. And the DOW Jones Index continues to rise for the 13th day in a row. ...
US housing market continues to recover – Stainless Espresso
26 July 2023 – According to data released yesterday, the US housing market continued to recover in May. And German hydrogen strategy is to be revised after more than two years of not even reaching 1.6% of the 5 GW green H2 expansion target by 2030, whether it...
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!...