Asian stock markets friendly – Hang Seng up 3% – Stainless Espresso

Oct 10, 2024 | Stainless Espresso

10 October 2024 – Asian equity markets have been extremely friendly ahead of US inflation data, a positive outlook for economic growth in South Asia and the announcement by the Chinese Ministry of Finance on Saturday of the more concrete details of the upcoming...

Asian nickel prices remain stable and resilient – Stainless Espresso

Oct 9, 2024 | Stainless Espresso

9 October 2024- Asian nickel prices remain stable and resilient, even though the market wanted more details on the Chinese stimulus programme. Global Forum on Steel Excess Capacity: EUROFER calls for more market protection immediately. Source

Is German steel giant stumbling over green steel? – Stainless Espresso

Oct 8, 2024 | Stainless Espresso

8 October 2024 – The board crisis at German steel giant Thyssenkrupp Steel Europe is barely halfway over when the Duisburg-based steelmaker’s prestigious green direct reduction plant project comes under scrutiny – there is even open speculation that...

Indonesian stainless steel mill raises prices again – Stainless Espresso

Oct 7, 2024 | Stainless Espresso

7 October 2024 – A major Indonesian stainless steel mill is raising its prices again. Nickel remains at a high level. And analysts see commodity markets positively strengthened by FED interest rate cut. Source

Aluminium shortage drives prices up further – Stainless Espresso

Oct 4, 2024 | Stainless Espresso

4 October 2024 – Aluminium has been in short supply for months, which has driven prices up so much that the LME commodity exchange has been watching them much more closely than usual for a few days now. And resistance to possible EU punitive tariffs from German...

LME nickel prices at highest level in three months – Stainless Espresso

Oct 3, 2024 | Stainless Espresso

3 October 2024 – Nickel prices on the LME commodity exchange closed yesterday at over USD 18,000/MT. Today, Thursday, the price is already at around USD 18,200/MT. We take a look at the possible reasons for the rapid price rise. Source

Canadian surtax on steel and aluminum from China is coming – Stainless Espresso

Oct 2, 2024 | Stainless Espresso

2 October 2024 – Canada finally announced yesterday that the surtax of 25% on steel, stainless steel and aluminum products originating from China will be introduced as planned from mid-October 2024. The German Federal Minister of Economics is coming under...

Nickel shortage: China’s largest nickel producer cuts production – Stainless Espresso

Oct 1, 2024 | Stainless Espresso

1 October 2024 – Due to the ongoing nickel ore shortage in Indonesia, China’s largest producer is cutting its ferronickel production. And how is the global raw material situation for stainless steel developing and what impact will this have on the fourth...

Asian nickel prices rise significantly on Monday – Stainless Espresso

Sep 30, 2024 | Stainless Espresso

30 September 2024 – Nickel prices on the Asian commodity exchange SHFE rose sharply on Monday with a whopping gain of more than 3.2%. Stainless steel prices in China rose in response. Aluminium: Is the European Union rattling its sabre at Russia again or will...

China euphoria continues to drive Asian stocks higher – Stainless Espresso

Sep 27, 2024 | Stainless Espresso

27 September 2024 – The euphoria on China’s stock markets continues due to positive stimulus signals from government circles. Iron ore prices rise by more than 4.5% on Friday. Nickel on the LME on its way to the USD 17,000/MT mark. And Russia is preparing...