Mar 29, 2022 | Stainless Espresso
29 March 2022 – EU alloy surcharges for stainless steel rise by more than $600 per tonne. EU files WTO complaint over UK green energy subsidies. And can there really be an independent “Green Steel” label? Source
Mar 28, 2022 | Stainless Espresso
28 March 2022 – Will the suspension of the EU aluminium anti-dumping measure AD668 against Chinese imports be extended? Or will the European Commission continue to crack down on imports from China? Shanghai, a Chinese metropolis with millions of inhabitants, is...
Mar 25, 2022 | Stainless Espresso
25 March 2022 – London Metal Exchange (LME) to ban orders outside daily price limits. The LME has again published new rules for trading in base metals, including nickel. Nickel prices on the SHFE continue to rise. LME nickel up 8.5% at start of trading. And...
Mar 24, 2022 | Stainless Espresso
24 March 2022 – Chinese stainless steel prices continue to rise. Already by almost 30% since December 2021. LME nickel +15% and SHFE nickel +17% today. Aluminium at over $3,600 per tonne. In addition, UK and US agree on a Tariff Rate Quota (TRQ) for steel and...
Mar 23, 2022 | Stainless Espresso
March 23, 2022 – For the fourth time since nickel trading had to be restarted on the London Metal Exchange (LME), an incident referred to by the LME as a Price Disruption Event has occurred. As the LME officially announced on its website on March 23, 2022, all...
Mar 23, 2022 | Stainless Espresso
23 March 2022 – According to media reports, the Chinese steel region Tangshan is once again in lockdown. With 130 million tonnes of crude steel production per year, the region is one of the most important steel producers in the world. SHFE nickel prices close up...
Mar 22, 2022 | Stainless Espresso
March 22, 2022 – The London Metal Exchange (LME) has again yesterday, Monday, the chaos in nickel trading not really under control and had to cancel trades for the third time. The chaos holds more and more parallels to the German Wirecard scandal from 2020....
Mar 21, 2022 | Stainless Espresso
1 March 2022 – The exploded nickel prices after the failed Tsingshan speculation continue to be artificially adjusted. On Monday, the LME and SHFE almost reached parity in the price of a tonne of nickel. LME shareholders affected? LME CEO sees banks as partly to...
Mar 18, 2022 | Stainless Espresso
18 March 2022 – There are increasing voices that the owners of the London Metal Exchange have only intervened in nickel trading to save themselves and certain parts of their cronies. Real trading does not seem to be taking place on the LME with regard to nickel....
Mar 17, 2022 | Stainless Espresso
Anti-subsidy duties not unexpected, but justification highly political. On 16 March 2022, the EU announced that it will impose anti-subsidy duties on imports of cold-rolled stainless steel from India and Indonesia. These are market protection duties of more than 40%...
