Nov 21, 2022 | Stainless Espresso
21 November 2022 – The US government last Friday imposed sanctions on several Russian- and Belarusian-owned nickel mining companies. Stainless steel futures in Asia rise 1.5%. The STOXX 600 gives EU companies a positive tailwind. And India is taking an early hit...
Nov 18, 2022 | Stainless Espresso
18 November 2022 – SHFE nickel contracts were again resilient to the chaos on the LME in Friday trading. World Steel sees demand growth for steel in many regions for 2022, but especially for 2023, despite challenges, and Indonesia approaches Canada at G20 summit...
Nov 17, 2022 | Stainless Espresso
17 November 2022 – A lot of volatility in nickel contracts after they had recently risen by almost 40%. Was the lack of liquidity on the LME nickel market to blame? Or the LME itself? Emptying stainless steel stocks in China, strong ferronickel and nickel pig...
Nov 16, 2022 | Stainless Espresso
16 November 2022 – European alloy surcharges for December 2022 are currently hitting a raging nickel, expensive scrap, predictable ferro-chrome values and jumping ferro-molybdenum prices, battling it out with the strengthening euro for the strongest influence....
Nov 15, 2022 | Stainless Espresso
15 November 2022 – Rumours and speculation about yesterday’s jump in the price of nickel are currently all over the media. A look at the possible causes. Stainless steel and stainless steel scrap prices on the rise. And the European Round Table (ERT) for...
Nov 14, 2022 | Stainless Espresso
14 November 2022 – Nickel jumped more than 15% to over $31,000 per tonne shortly after the start of trading on the LME. London Metal Exchange decides against ethical standards. And according to a GEM report, the liquefied natural gas industry is building up...
Nov 11, 2022 | Stainless Espresso
11 November 2022 – According to sources familiar with the matter, the EU’s anti-circumvention investigation against stainless steel hot-rolled flat products (SSHR) from Indonesia and Turkey is being fought tooth and nail. Even when the ammunition turns out...
Nov 10, 2022 | Stainless Espresso
10 November 2022 – There are now indications that China is aiming for a relaxation of the Corona policy. This should lead to important impulses not only for the Chinese economy. Nickel prices in Asia jump by more than 4%. European nickel over $25,000 at start of...
Nov 9, 2022 | Stainless Espresso
9 November 2022 – Has the EU stainless steel alloy surcharge had its day and finally lost its legitimacy? A deeper look into the reports of the stainless steel producer Aperam raises justified doubts about the legitimacy of the alloy surcharge. Prices for...
Nov 8, 2022 | Stainless Espresso
8 November 2022 – Reading the press releases and new statistical forecasts of the European steel producer association EUROFER, it seems that the end of the world in the steel industry is once again just around the corner. One is reminded of the ancient fable of...
