EU Safeguard Measure: Northern Ireland with its own quota? – Stainless Espresso
30 March 2023 – Northern Ireland is to get its own EU Safeguard Tariff Rate Quota for imports from the UK, according to the European Commission. And U.S. Supreme Court rejects appeal request related to Trump-era Section 232 Tariffs on steel. Source
Taiwan: stainless steel input material running short? – Stainless Espresso
29 March 2023 – Market sources from Taiwan report that starting materials for certain stainless steel grades and sizes are in short supply or not available at all. The EU is agreeing on new instruments for coercive measures. And the EU Carbon Price has dropped...
Scrap and nickel in stronger demand, but still in short supply – Stainless Espresso
28 March 2023 – Chinese nickel demand continues to meet tight availability. And rising scrap prices are reported from Turkey and Europe, meeting strong demand and tight supplies. And economic sentiment in Asia continues to improve. Source
Indian stainless steel products blocked in Antwerp – Stainless Espresso
27 March 2023 – Stainless steel products from India’s Jindal Group are blocked by customs in Antwerp, Europe, because they were apparently destined for Russia. The group is furious, but remains silent on important information about the background. Positive...
SHFE Nickel jumps almost 4% on Friday – Stainless Espresso
24 March 2023 – Nickel prices on the SHFE jumped today, Friday, in some cases by more than 4%. LME is following suit. Stainless steel buyers must now be quick. Market prices and raw material mix show that new price bottom for stainless steel has been reached....
EU CBAM: Will Indian steel become up to 35% more expensive? – Stainless Espresso
23 March 2023 – Things are not going well for Indian steel at the moment. It would like to have a free trade agreement with the EU, but the Carbon Border Tax CBAM could make Indian steel up to 35% more expensive to import into the EU. Trafigura CEO warns that...
Is the next commodities supercycle coming? – Stainless Espresso
22 March 2023 – Another financial services provider sees a possible supercycle for commodities coming due to major shifts in capital flows. LME chaos is getting more and more confusing: Does everyone have a hand in it now? What will happen tomorrow? And...
Short sellers cash in, markets ignore banks crisis – Stainless Espresso
21 March 2023 – The markets have reacted calmly to the rescue of Credit Suisse. But the pressure that short-sellers have exerted on the market in the meantime is likely to have given them millions in profits. “Pockets of rocks” – now it seems...