Tough battle between steel producers and consumers – Stainless Espresso
9 January 2023 – Tough contract negotiations between EU steel producers and end consumers already at the beginning of the year. A game of press releases, questionable empirical findings, and toxic and dangerous advice with only one goal in mind. Nickel remains...
Stainless steel exports increase and EU steel lobby is unhappy – Stainless Espresso
23 December 2022 – Asian stainless steel exports have recently increased by up to 25%. The ghosts they called: European steelmakers’ lobby shows dissatisfaction with CBAM and ETS results. And a not so quiet message before the holidays. Source
Prices for Italian stainless steel scrap rise – Stainless Espresso
22 December 2022 – Prices for stainless steel scrap from Italy continue to rise significantly. Nickel has been turbulent these days and now rumours point to further production cuts in nickel. But are there possibly other reasons behind it than are being spread?...
Stainless steel: Is Indonesia running out of intermediate products? – Stainless Espresso
21 December 2022 – Indonesia likes to be pilloried by Europe and other nations for dumping and export bans. But the country has clear goals for its industry. The new export ban on bauxite clearly shows this. But despite the Chinese stainless steel giant in its...
China: Supply bottlenecks in the steel industry possible – Stainless Espresso
20 December 2022 – High absenteeism rates of up to 40% among Chinese steel workers, are likely to soon have an impact on the availability of steel and stainless steel. New threat to Indian steel industry on European horizon? Nickel starts new rally. And the...
ETS and CBAM: EU member states and parliament reach agreement – Stainless Espresso
19 December 2022 – EU member states and the European Parliament seem to have reached an agreement on ETS allowances and CBAM. Import industry achieves minimum level playing field vis-à-vis European steel producers? New EU sanctions hit Russian mining sector. And...
Outlook for commodities in 2023 more optimistic than ever – Stainless Espresso
16 December 2022 – Analysts at Goldman Sachs believe 2023 will be one of the best years ever for commodities. Especially because rising demand will meet falling supply. And the EU member states decide on new sanctions against Russia. Will this package further...
Steel and stainless steel prices continue to rise – Stainless Espresso
15 December 2022 – The recovery on the steel and stainless steel markets continues with rising prices for raw materials and intermediates. Steel scrap remains in short supply in Europe, ferrochrome benchmarks are stable, and stainless steel prices on the Chinese...