Stainless steel: Market expects further price increases – Stainless Espresso
19 April 2023 – Market voices from various stainless steel producing countries expect price increases in the short term. Prices for stainless steel scrap have risen, in some cases significantly. And the Worldsteel Association expects some significant increases...
EC extends anti-dumping measure to stainless steel from Turkey – Stainless Espresso
18 April 2023 – The European Commission has announced the final results of the anti-circumvention investigation against hot rolled stainless steel from Indonesia via Turkey and extends the anti-dumping measure. European gas prices are stabilising more and more....
Nickel up almost 10% since the beginning of April – Stainless Espresso
17 April 2023 – Nickel prices in Asia and Europe have increased between 7.5 to about 10% since the beginning of April. Stainless steel prices continue to rise. Market conditions are robust and positive, US dividends are growing. And it’s all scrap: the big...
CBAM: The big dirty hole in the EU CO2 tax – Stainless Cappuccino
17 April 2023 – CBAM or the European Union Carbon Border Tax is an important component of the European Green Deal. Although the measure is supposed to contribute to a reduction of CO2 emissions, it is becoming more and more apparent that the EU’s own...
EU stainless steel anti-dumping measure against China and Taiwan extended – Stainless Espresso
14 April 2023 – The anti-dumping measure against stainless steel tube and pipe butt-welding fittings originating in China and Taiwan has been extended. Up to 64.9% anti-dumping duties. SHFE nickel continues to rise. And what is behind the EU Corporate...
Asian stainless steel market gains further momentum – Stainless Espresso
13 April 2023 After the Chinese stainless steel market had already gained activity, other Asian regions, especially Taiwan, are now also increasing prices for stainless steel. This is likely to hit North America and Europe soon. US reporting season gives hope for...
Chinese stainless steel prices rise significantly – Stainless Espresso
12 April 2023 – Chinese spot market prices for stainless steel rose significantly today – some grades went up by more than 4%. Nickel prices on the SHFE also went up by about 3%. Market sources expect further price increases. And will Indonesia get its own...
Germany: Automotive sector picks up speed – Stainless Espresso
11 April 2023 – Sentiment in the auto industry in Germany improved significantly in March. Indonesia is desperately trying to get a foothold in the US industry, but is struggling not only with too much Chinese influence and a lack of environmental standards. Demand...