Nov 23, 2021 | Stainless Espresso
November 23, 2021 – European spot market for plates is getting bullish. Plate producers focusing on project markets. Plates spot market with low availability and rising prices. Steel producers in China’s Hebei province have to reduce crude steel production...
Nov 22, 2021 | Stainless Espresso
November 22, 2021 – Use the off-season now for strategic stainless steel purchasing ahead of the Chinese Luna New Year 2022 (LNY 2022). Opportunities in the Asian market are great. Freight costs likely to rise again soon. Base metals started Monday on a positive...
Nov 20, 2021 | Stainless Espresso
November 20, 2021 – Shortly before the close of trading on Friday afternoon, nickel surpassed $20,000 per ton on the LME in London this week. The signs of a renewed nickel upward trend had already been noticeable during the week. So we are looking forward to the...
Nov 19, 2021 | Stainless Espresso
November 19, 2021 – After an accident at a large Chinese aluminium smelter in Yunnan province, aluminium prices jumped today by more than 3% in some cases. EU HRC prices are stable and are expected to rise further from January 2022. German group Thyssenkrupp is...
Nov 18, 2021 | Stainless Espresso
November 18, 2021 – The European Commission (EC) has today imposed final anti-dumping duties on cold-rolled stainless steel products from India and Indonesia. This means that anti-dumping duties of up to 35.3% will be imposed with immediate effect. EC imposes...
Nov 18, 2021 | Stainless Espresso
November 18, 2021 – The latest figures from the US Federal Reserve (FED) show that vehicle production in the United States rose by almost 19% in October 2021. Vehicle sales are also up 6% from the previous month. This points to an imminent end in the chip...
Nov 17, 2021 | Stainless Espresso
November 17, 2021 – The EC today presented its proposal for a new EU Waste Shipment Regulation. According to this proposal, all non-hazardous waste exports, including steel and aluminium scrap, to non-OECD countries should be banned. EC to ban export of steel...
Nov 17, 2021 | Stainless Espresso
November 17, 2021 – China’s net alumina import volume so far in 2021 has been around 2.59 million tonnes. This means that the Asian country remains one of the world’s most important buyers of the aluminium raw material. The automotive industry with...
Nov 16, 2021 | Stainless Espresso
November 16, 2021 – India expects domestic steel consumption to increase by up to 160 million tons per year in the coming years. AISI welcomes signature of US infrastructure package and focus on American-made steel. Strong dollar corrects prices –...
Nov 15, 2021 | Stainless Espresso
November 15, 2021 – It is possible that Indonesian nickel ore prices were kept artificially low through market manipulation. The Indonesian anti-monopoly authority is currently investigating this suspicion. In Europe, low-carbon ferro-chrome prices rose by up to...
