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...
Stainless steel anti-dumping complaint fails in EU court – Stainless Espresso
14 December 2022 – A lawsuit by a European association to overturn the EU anti-dumping measure against imports of cold-rolled stainless steel from China and Taiwan has been rejected by an EU court. And the trend reversal in metal prices is becoming increasingly...
Nickel Export Ban, Molybdenum and CBAM – Stainless Espresso
13 December 2022 – As expected, Indonesia has appealed the WTO ruling on the nickel export ban – will the ban now remain in place? Molybdenum prices continue to rise. EU Parliament and member states agree on Carbon Border Tax CBAM. And the LME does not...
Steel tariffs: US government opposes WTO ruling – Stainless Espresso
12 December 2022 – The US government has rejected the WTO ruling on Section 232 tariffs on steel and aluminium. Will the WTO ruling still have an impact? German Finance Minister warns against subsidy race with the United States. And stainless steel prices...
Stainless steel pricing suspended in parts of Asia – 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
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
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...