Stainless steel: Is Indonesia running out of intermediate products? – Stainless Espresso

Dec 21, 2022 | Stainless Espresso

21 December 2022 – Indonesia likes to be pilloried by Europe and other nations for dumping and export bans. But the country has clear goals for its industry. The new export ban on bauxite clearly shows this. But despite the Chinese stainless steel giant in its...

China: Supply bottlenecks in the steel industry possible – Stainless Espresso

Dec 20, 2022 | Stainless Espresso

20 December 2022 – High absenteeism rates of up to 40% among Chinese steel workers, are likely to soon have an impact on the availability of steel and stainless steel. New threat to Indian steel industry on European horizon? Nickel starts new rally. And the...

ETS and CBAM: EU member states and parliament reach agreement – Stainless Espresso

Dec 19, 2022 | Stainless Espresso

19 December 2022 – EU member states and the European Parliament seem to have reached an agreement on ETS allowances and CBAM. Import industry achieves minimum level playing field vis-à-vis European steel producers? New EU sanctions hit Russian mining sector. And...

Outlook for commodities in 2023 more optimistic than ever – Stainless Espresso

Dec 16, 2022 | Stainless Espresso

16 December 2022 – Analysts at Goldman Sachs believe 2023 will be one of the best years ever for commodities. Especially because rising demand will meet falling supply. And the EU member states decide on new sanctions against Russia. Will this package further...

Steel and stainless steel prices continue to rise – Stainless Espresso

Dec 15, 2022 | Stainless Espresso

15 December 2022 – The recovery on the steel and stainless steel markets continues with rising prices for raw materials and intermediates. Steel scrap remains in short supply in Europe, ferrochrome benchmarks are stable, and stainless steel prices on the Chinese...

Stainless steel anti-dumping complaint fails in EU court – Stainless Espresso

Dec 14, 2022 | Stainless Espresso

14 December 2022 – A lawsuit by a European association to overturn the EU anti-dumping measure against imports of cold-rolled stainless steel from China and Taiwan has been rejected by an EU court. And the trend reversal in metal prices is becoming increasingly...

Nickel Export Ban, Molybdenum and CBAM – Stainless Espresso

Dec 13, 2022 | Stainless Espresso

13 December 2022 – As expected, Indonesia has appealed the WTO ruling on the nickel export ban – will the ban now remain in place? Molybdenum prices continue to rise. EU Parliament and member states agree on Carbon Border Tax CBAM. And the LME does not...

Steel tariffs: US government opposes WTO ruling – Stainless Espresso

Dec 12, 2022 | Stainless Espresso

12 December 2022 – The US government has rejected the WTO ruling on Section 232 tariffs on steel and aluminium. Will the WTO ruling still have an impact? German Finance Minister warns against subsidy race with the United States. And stainless steel prices...

Stainless steel pricing suspended in parts of Asia – Stainless Espresso

Dec 9, 2022 | Stainless Espresso

9 December 2022 – Stainless steel pricing has been suspended in parts of Asia due to drastically increased nickel and molybdenum prices. The WTO considers Section 232 tariffs to be irregular – is the climate club coming? Jealousy and protectionism continue...

Nickel jumps up more than 7.4% – Stainless Espresso

Dec 8, 2022 | Stainless Espresso

8 December 2022 – Nickel continues to rise significantly. On Wednesday alone by more than 7.4%. This means that the important stainless steel and battery metal is already up almost 24% on 25 November 2022. The LME commodity exchange is under increasing pressure...