May 12, 2023 | Stainless Espresso
12 May 2023 – The Chinese hunger for scrap seems to be awakened if one looks at the current import figures for steel and stainless steel scrap into China. Stainless steel scrap in particular is pulling away tremendously. Bank upgrades outlook for producers in...
May 11, 2023 | Stainless Espresso
11 May 2023 – The European Union could go from being an exporter to an importer of steel scrap in less than 5 years. And as steel production around the world increasingly switches to electric arc furnaces, a race is on for the coveted raw material. US inflation...
May 10, 2023 | Stainless Espresso
10 May 2023 – Demand for base metals, such as aluminum and copper, is meeting an increasingly tight supply. And the expansion of mining capacities is not keeping pace. China is massively expanding EAF capacities for steel, which should soon make scrap even more...
May 9, 2023 | Stainless Espresso
9 May 2023 – For years, the German steel giant thyssenkrupp Steel has been drawing a substantial part of its existence from the German and European taxpayer in the form of direct and indirect subsidies, grants and rescue packages worth billions of euros. There...
May 8, 2023 | Stainless Espresso
8 May 2023 – The worldwide trade data are robust and the trend towards globalisation continues unabated. Even if trade flows are shifting, there is no getting around China, especially for electric vehicles. The EV business is booming there. In Asia, commodity...
May 5, 2023 | Stainless Espresso
5 May 2023 – The EU is planning a new sanctions mechanism against third countries, which could include steel products. And after this week’s interest rate hikes by the Fed and the ECB, there are many indications that inflation will continue to fall and the...
May 4, 2023 | Stainless Espresso
4 May 2023 – The government of Indonesia has stressed several times in the recent past that it wants to conserve its nickel reserves for higher-value products. Now the government is cutting tax breaks for NPI smelters. Positive data is coming out of China for...
May 3, 2023 | Stainless Espresso
3 May 2023 – LME nickel prices have risen by almost 10% since the end of March 2023 and the European nickel price was already above $25,400 per ton again in the meantime. Inventories eased a further 4.7% in April, according to the latest LMI surveys....
May 2, 2023 | Stainless Espresso
2 May 2023 – Positive market data to start May 2023. The markets on both sides of the Atlantic – the United States and Europe – have performed more positively than many analysts expected. The great recession in the Eurozone has failed to materialise...
Apr 28, 2023 | Stainless Espresso
28 April 2023 – The freight market is picking up, with fully booked ships reported on the first routes from Asia to Europe. And the growing importance of stainless steel scrap for manufacturers is being confirmed more and more – the recycling industry is...
