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Stainless Espresso: EU stainless steel alloy surcharge still legally legitimate?

Nov 9, 2022 | Stainless Espresso

9 November 2022 – Has the EU stainless steel alloy surcharge had its day and finally lost its legitimacy? A deeper look into the reports of the stainless steel producer Aperam raises justified doubts about the legitimacy of the alloy surcharge. Prices for...

Stainless Espresso: EUROFER – The fable of the shepherd boy and the wolf

Nov 8, 2022 | Stainless Espresso

8 November 2022 – Reading the press releases and new statistical forecasts of the European steel producer association EUROFER, it seems that the end of the world in the steel industry is once again just around the corner. One is reminded of the ancient fable of...

Stainless Espresso: General strike in Belgium this week?

Nov 7, 2022 | Stainless Espresso

7 November 2022 – A general strike has been called for this week in Belgium. US market proves more than robust in terms of employment growth and logistics real estate. Where is the European hangover coming from? And European steelmakers are probably not-amused...

Stainless Espresso: Stainless steel prices rise in Europe

Nov 4, 2022 | Stainless Espresso

4 November 2022 – According to media reports, prices for stainless steel products originating in the EU have risen again. Rising prices are reported from Italy in particular, but also from France and Spain. Strong ferrochrome demand expected for November and...

Stainless Espresso: EU decision on scrap export ban postponed until early 2023?

Nov 3, 2022 | Stainless Espresso

3 November 2022 – Has the vote on the controversial EU Waste Shipment Regulation been postponed? Is this to give lobby groups more influence on the voting behaviour of the European parliamentarians? Green-washing strategy of EU steel producers in danger due to...

Stainless Espresso: Ferrochrome stabilised, but supply secured?

Nov 2, 2022 | Stainless Espresso

2 November 2022 – Ferrochrome prices have stabilised recently and have increased by more than 16.5% since mid-September. Among other things, this could be related to a supply problem with chrome ores. After nickel had already risen by more than 3% in October, it...

Stainless Espresso: Is Indonesia planning OPEC-like organisation for EV battery metals?

Nov 1, 2022 | Stainless Espresso

1 November 2022 – The government of Indonesia seems to be actively considering an OPEC-like cartel for EV battery metals. At the same time, the nickel export tax is being brought back into the race, while the Philippines is cracking down on illegal mining and...

Stainless Espresso: Does LME urgently need to increase liquidity on the trading venue?

Oct 28, 2022 | Stainless Espresso

28 October 2022 – The LME launches new ferrous futures to increase liquidity on the trading floor. Indian steel export tax so far with no sign of end. And is the European steel industry playing creatively with the green steel numbers again? Source

Stainless Espresso: Germany urgently seeks new raw material suppliers

Oct 27, 2022 | Stainless Espresso

27 October 2022 – German companies are urgently looking for new suppliers of raw materials and intermediate products to reduce their dependence on China and Russia. China is importing more stainless steel again. And good economic data from Japan and Mexico....

Stainless Espresso: Prices for stainless steel scrap continue to rise

Oct 26, 2022 | Stainless Espresso

26 October 2022 – The prices for stainless steel scrap, stainless steel products and other raw materials have not only influenced Europe. In Asia too, after China had already led the way, manufacturers now want to raise the prices for stainless steel even...
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