EC cements EU Safeguard justification – Stainless Espresso
13 January 2023 – The EC has announced the results of the Safeguard Review on the lost WTO DSB case and clearly cemented the market protection measure. Indonesia wants to restrict construction of nickel smelters. And is the euro now in danger of crashing?...
Bonded warehouses are empty, not only in Southern Europe – Stainless Espresso
12 January 2023 – Many bonded warehouses, especially those for steel and stainless steel, are currently empty, according to sources. A good sign? The LME has to make improvements in many places after an independent report on the chaos from March 2022, while at...
Chinese covid peak passed, iron ore in short supply, run on HRC? – Stainless Espresso
11 January 2023 – As the Covid peak in China is passed, the markets are also picking up. This can be seen, among other things, in the demand for iron ore and the scarce availability. At the same time, several countries are reporting emptying stocks at...
Big Shorts Nickel Manipulation Game Continue – Stainless Espresso
10 January 2023 – The next manipulation bang on the nickel market? How Big Short suddenly wants to convert copper plants to nickel production – in the end just hot air? Or is there a double winner here? Stainless steel prices stable and on the rise. And...
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...