Stainless steel pricing suspended in parts of Asia – Stainless Espresso

Dec 9, 2022 | Stainless Espresso

9 December 2022 – Stainless steel pricing has been suspended in parts of Asia due to drastically increased nickel and molybdenum prices. The WTO considers Section 232 tariffs to be irregular – is the climate club coming? Jealousy and protectionism continue...

Nickel jumps up more than 7.4% – Stainless Espresso

Dec 8, 2022 | Stainless Espresso

8 December 2022 – Nickel continues to rise significantly. On Wednesday alone by more than 7.4%. This means that the important stainless steel and battery metal is already up almost 24% on 25 November 2022. The LME commodity exchange is under increasing pressure...

New stainless steel shortages coming to US and EU in 2023? – Stainless Espresso

Dec 7, 2022 | Stainless Espresso

7 December 2022 – New stainless steel shortages are looming for the United States and the European Union. The factors currently available point to this, and analysts and market experts are already warning that stainless steel availability could again become very...

CO2 tariffs on Chinese steel planned? – Stainless Espresso

Dec 6, 2022 | Stainless Espresso

6 December 2022 – Are climate tariffs on Chinese steel products coming? Several media report that the United States and the European Union are working on new market protection instruments against China. USITC extends anti-dumping measure against stainless steel...

EU Steel Safeguard Review 2023 launched – Stainless Espresso

Dec 5, 2022 | Stainless Espresso

5 December 2022 – Last Friday, the EC launched the already announced Safeguard Review for 2023. Has the end of Safeguard now come? The prices for important stainless steel raw materials have risen significantly again in the past week. Especially for nickel,...

Scrap availability further restricted – Stainless Espresso

Dec 2, 2022 | Stainless Espresso

2 December 2022 – Scrap prices jumped yesterday following the EU ENVI decision on waste shipment regulation. Earlier, another country had already closed its export market for scrap. New anti-dumping measures were imposed on cold-rolled stainless steel products....

The end of the Indonesian nickel export ban? – Stainless Espresso

Dec 1, 2022 | Stainless Espresso

1 December 2022 – The WTO panel has announced its recommendation on the Indonesian nickel export ban. But has the end of the export ban really come? Indonesia is already showing itself belligerent and the nickel unimpressed. General Disclosure in the EU...

Raw material costs cause stainless steel prices to rise further – Stainless Espresso

Nov 30, 2022 | Stainless Espresso

30 November 2022 – The ferro-molybdenum price in particular is currently causing stainless steel prices to rise further. But nickel and scrap are also exerting significant upward pressure. EU subsidises ETS certificates with 100 billion euros. Further billions...

Scrap prices rise due to shortage – Stainless Espresso

Nov 29, 2022 | Stainless Espresso

29 November 2022 – Scrap prices are rising, especially in the United States. But Europe is also seeing a decent jump in prices. Is the next shortage of shipping space coming? New CO2 standards planned for 2023. And would the LME like to be the real hero in the...

Chinese aluminium warehouse inventories continue to fall – Stainless Espresso

Nov 28, 2022 | Stainless Espresso

28 November 2022 – Aluminium stocks in Chinese warehouses continue to fall, pointing to a strong recovery in demand. At the same time, the Chinese New Year in 2024 is coming particularly early for buyers. And in Australia, transport costs jump 20% after severe...