CBAM: The big dirty hole in the EU CO2 tax – Stainless Cappuccino
17 April 2023 – CBAM or the European Union Carbon Border Tax is an important component of the European Green Deal. Although the measure is supposed to contribute to a reduction of CO2 emissions, it is becoming more and more apparent that the EU’s own...
EU stainless steel anti-dumping measure against China and Taiwan extended – Stainless Espresso
14 April 2023 – The anti-dumping measure against stainless steel tube and pipe butt-welding fittings originating in China and Taiwan has been extended. Up to 64.9% anti-dumping duties. SHFE nickel continues to rise. And what is behind the EU Corporate...
Asian stainless steel market gains further momentum – Stainless Espresso
13 April 2023 After the Chinese stainless steel market had already gained activity, other Asian regions, especially Taiwan, are now also increasing prices for stainless steel. This is likely to hit North America and Europe soon. US reporting season gives hope for...
Chinese stainless steel prices rise significantly – Stainless Espresso
12 April 2023 – Chinese spot market prices for stainless steel rose significantly today – some grades went up by more than 4%. Nickel prices on the SHFE also went up by about 3%. Market sources expect further price increases. And will Indonesia get its own...
Germany: Automotive sector picks up speed – Stainless Espresso
11 April 2023 – Sentiment in the auto industry in Germany improved significantly in March. Indonesia is desperately trying to get a foothold in the US industry, but is struggling not only with too much Chinese influence and a lack of environmental standards. Demand...
Global supply crunch for metals around the corner? – Stainless Espresso
10 April 2023 – Is the next raw material supply crunch already lying in wait around the next corner? More and more analysts point to declining ore quality and the increasing demand for raw materials for renewable energies. Are supplier countries possibly coming...
Demand for steel drives need for ferrous scrap – Stainless Espresso
April 6, 2023 – U.S. car dealers are selling more vehicles again. US scrap demand high and steady. Turkey needs about 6 million tons of steel scrap for reconstruction. And have analysts been too conservatively optimistic on nickel availability? Source
Steel dispute between EU and US about to escalate? – Stainless Espresso
5 April 2023 – The ongoing steel dispute between the European Union and the United States appears to be on course for further escalation. The US demand for an exemption from the Carbon Border Tax CBAM is putting the European Union on the spot. Bureaucratic...