Jun 10, 2022 | Stainless Espresso
10 June 2022 – Steel scrap is increasingly becoming a strategic resource internationally, which countries and steel producers jealously defend. After the EU plans a defacto export ban on steel scrap, South Korea now also wants to keep steel scrap in the country...
Jun 9, 2022 | Stainless Espresso
9 June 2022 – The vote on the new regulation of ETS allowance trading in the European Union failed yesterday in the EU Parliament. As a result, votes on the Carbon Border Tax CBAM and the Social Climate Fund were postponed. And China is again massively limiting...
Jun 8, 2022 | Stainless Espresso
June 8, 2022 – Commodity prices are currently showing upward momentum. The background is Chinese economic programs starting up and the end of the lockdowns. Is nickel currently undervalued due to lack of liquidity? And Credit Suisse upgrades shares of a major EU...
Jun 6, 2022 | Stainless Espresso
6 June 2022 – The LME is facing a USD 456 million lawsuit after it briefly suspended trading in nickel in March 2022, to the displeasure of many traders. Asian base metals start the week on a positive note. And Acerinox and Aperam officially confirm talks on...
Jun 3, 2022 | Stainless Espresso
3 June 2022 – The changes in the EU alloy surcharges for stainless steel as of 1 June have caught most market participants and analysts cold and caused much wonder. What did the mills do? And are the two European stainless steel producers Aperam and Acerinox...
Jun 2, 2022 | Stainless Espresso
June 2, 2022 – The majority of Asian base metals were up today. SHFE Nickel and pure nickel spots are rising. Has LME nickel found its new support line? And the US Manufacturing PMI rises for the 24th month in a row. Source
Jun 1, 2022 | Stainless Espresso
1 June 2022 – The US government has announced “melt and pour” rules for aluminium imports from the UK to fall under the Section 232 Tariffs and Tariff Rate Quota exemptions. What about Japan and Europe? And the UK imposes provisional anti-dumping...
May 31, 2022 | Stainless Espresso
31 May 2022 – The EC today announced the results of its review of the European market protection measure Safeguard and submitted them to the WTO. Source
May 31, 2022 | Stainless Espresso
31 May 2022 – Depending on the region, steel prices have been holding steady for two to four weeks. Market participants concerned about quality. India to shut down up to 50% of its coal-fired power plants. Strike broke out at Canadian nickel mine. And LME and...
May 30, 2022 | Stainless Espresso
30 May 2022 – The current review of the EU Safeguard measure on certain steel products must be completed by 30 June 2022. So far so good, nothing unusual for the most important and largest market protection measure for EU steel producers. But, as with previous...
