EU Carbon Border Tax CBAM, a growing concern for Africa – Stainless Espresso

Feb 17, 2023 | Stainless Espresso

17 February 2023 – African countries could lose 30 to 35% of their exports to Europe with the introduction of the EU Carbon Border Tax (CBAM), according to a recent study. Indonesia wants to maintain its bauxite export ban, but is having growing problems finding...

Skills shortage in mining hits lack of investment – Stainless Espresso

Feb 16, 2023 | Stainless Espresso

16 February 2023 – The skills shortage is hitting the mining industry hard. Mining engineering degrees have fallen by up to 63%. At the same time, there is a massive lack of investment. Indonesian stainless steel mill raises prices further. LME nickel stocks at...

Is an important nickel supplier about to collapse? – Stainless Espresso

Feb 15, 2023 | Stainless Espresso

15 February 2023 – Is a New Caledonian nickel supplier about to fail? Once again, the company had to be rescued from financial collapse by the state. In 2023, every second new car in the EU is supposed to be fully electric, but will battery production even be...

Case against EU stainless steel anti-dumping measure failed – Stainless Espresso

Feb 14, 2023 | Stainless Espresso

14 February 2023 – Once again, a complaint by the European Court of Justice against an anti-dumping measure on flat-rolled stainless steel imports has been rejected by the EU Court of Justice. Does the EU only care about its mega corporations? HRC prices in...

EU hydrogen plan already failed? – Stainless Espresso

Feb 13, 2023 | Stainless Espresso

13 February 2023 – The EU has no effective plan for the implementation of its hydrogen strategy. Especially with regard to green production and transport. EUROFER confirms Stainless Espresso assumptions from 2021. Nickel fraud and empty shipping containers: Are...

Commodity shortages and high scrap prices – Stainless Espresso

Feb 10, 2023 | Stainless Espresso

10 February 2023 – Commodity shortages and high scrap prices threaten structurally weaker countries more quickly. And can easily lead to domino effects that take entire industries with them when one commodity becomes scarce. New scam in nickel? Why you have to...

India’s new love for Russia, stainless steel makers position themselves clearly – Stainless Espresso

Feb 9, 2023 | Stainless Espresso

9 February 2023 – Indian stainless steel producers did not just realise their love for Russia yesterday, and even in times of Western sanctions they are happy to circumvent them. And at the same time they are striving for a free trade agreement with the European...

World nickel production paints dramatic picture – Stainless Espresso

Feb 8, 2023 | Stainless Espresso

8 February 2023 – A closer look at the worldwide nickel production paints a dramatic picture. Even if the figures of the U.S. Geological Survey suggest otherwise at first glance. The world has a nickel problem, with one exception. A US court upholds the Trump...

Stainless steel spot prices unimpressed – Stainless Espresso

Feb 7, 2023 | Stainless Espresso

7 February 2023 – Despite new volatility in nickel prices, stainless steel spot prices remain unimpressed. Is the U.S. government considering imposing 200% tariffs on Russian aluminium? And will German steel producers receive government funding for research into...

Further price jumps for 316/316L stainless steel – Stainless Espresso

Feb 6, 2023 | Stainless Espresso

6 February 2023 – The price jumps in the molybdenum-containing stainless steel grades 316 and 316L continued on Monday. A robust labour market is reported from the United States, which is already having an impact on the EUR-USD currency pair. And the automotive...