Tax breaks cut: Indonesia wants to conserve nickel reserves – Stainless Espresso
4 May 2023 – The government of Indonesia has stressed several times in the recent past that it wants to conserve its nickel reserves for higher-value products. Now the government is cutting tax breaks for NPI smelters. Positive data is coming out of China for...
Nickel prices continue to rise at the beginning of May 2023 – Stainless Espresso
3 May 2023 – LME nickel prices have risen by almost 10% since the end of March 2023 and the European nickel price was already above $25,400 per ton again in the meantime. Inventories eased a further 4.7% in April, according to the latest LMI surveys....
Positive market data to start May 2023 – Stainless Espresso
2 May 2023 – Positive market data to start May 2023. The markets on both sides of the Atlantic – the United States and Europe – have performed more positively than many analysts expected. The great recession in the Eurozone has failed to materialise...
Freight market revival: Fully booked ships – Stainless Espresso
28 April 2023 – The freight market is picking up, with fully booked ships reported on the first routes from Asia to Europe. And the growing importance of stainless steel scrap for manufacturers is being confirmed more and more – the recycling industry is...
Right Mindset? Spanish stainless steel group with very good results – Stainless Espresso
27 April 2023 – Spanish stainless steel group Acerinox has published its Q1 2023 results. Very good numbers were rewarded with a rise in the Acerinox share price. And electromobility is booming. Growth forecasts revised significantly upwards. Is the availability...
Declining ore quality: Nickel production impacted? – Stainless Espresso
26 April 2024 – The economic production of nickel is closely linked to the nickel content of the ore mined or not mined. Has the declining ore quality been taken into account in the calculation models? Molybdenum prices continue to rise significantly. And...
Stainless steel market stabilizes further, buying mood rises – Stainless Espresso
25 April 2023 – The global stainless steel market continues to stabilize and buying mood is rising. This is reflected among other things in larger orders from Europe to Asia, stable raw material costs and further rising prices due to shortages in China....
Stainless steel alloy surcharges for May 2023 rise – Stainless Espresso
24 April 2023 – Good news on stainless steel alloy surcharges for May 2023, which had risen by up to 13% at US producers last Friday. Rumours of short-time working at European stainless steel producers don’t fit with the recently released annual results...