India must withdraw WTO cases against Section 232 and others – Stainless Espresso
27 June 2023 – While India is still celebrating a supposed victory in the negotiations with the US government on the Section 232 tariffs, there could soon be a sense of gloom on the Indian side. After all, India got nothing in the end. Now official: The EU...
European energy prices down to early 2022 levels – Stainless Espresso
26 June 2023 – Good news for the manufacturing sector in Europe. Energy costs have fallen by more than 60% in some cases compared to the previous year. EU has adopted the 11th sanctions package against Russia. And for companies, it is a good idea to make sure...
Nickel case: LME was aware of manipulations by Tsingshan
23 June 2023 – In the case of cancelled nickel trades worth more than 10 billion dollars, more and more details come to light. Also, that the LME had been aware of previous market manipulations by the Chinese Tsingshan Group. And copper stocks continue to fall. ...
Industrial metals up again since the beginning of the month – Stainless Espresso
22 June 2023 – Industrial metals have risen again since the beginning of the month. Now the focus is on China and whether the stimuli from the government there will give the economy further momentum in the second half of the year. When the EU steel industry has...
ECRMA: Calls for inclusion of aluminium in Critical Raw Materials Act – Stainless Espresso
21 June 2023 – The draft European Critical Raw Materials Act (ECRMA) is missing one important raw material: aluminium. Calls are now growing louder for aluminium to be added to the list due to existing supply difficulties. And Ukraine is planning the green...
LME Nickel Case: Now it gets serious – Stainless Espresso
20 June 2023 – It is getting serious in the case against the LME for cancelled nickel trades from March 2022. The two most prominent lawsuits, which may also point the way for all others, are scheduled for hearing starting today, Tuesday. Asian inflation rates...
CBAM – Opposition to EU Carbon Border Tax grows stronger – Stainless Espresso
19 June 2023 – While the economic mood on the markets continues to brighten, criticism of the EU border tax CBAM is increasing. More and more developing countries, such as China, Indonesia, or India, are voicing concerns and opposition to CBAM. India is already...
South African scrap export ban extended – Stainless Espresso
16 June 2023 – The South African government has extended the existing scrap export ban on certain ferrous and non-ferrous waste for another 6 months. Japanese stainless steel producers hike prices again. LME and SHFE nickel prices up 11% since end of May. And...