European stainless steel demand continues to pick up – Stainless Espresso
19 January 2023 – The European demand for stainless steel in has increased significantly after the turn of the year. Further price increases are to be expected here. And Chinese provinces are signalling clear growth targets for 2023, partly with reference to...
EU Parliament votes for scrap export ban – Stainless Espresso
18 January 2023 – The EU Parliament yesterday voted in favour of the introduction of the revised EU Waste Shipment Regulation and thus for a ban on scrap exports to non-OECD countries. The steel lobby remains unhappy and wants OECD member states, such as Turkey,...
Chinese stainless steel mills suspend deliveries – Stainless Espresso
17 January 2023 The Chinese stainless steel market reports suspended deliveries by manufacturers and expects further significant price increases after the Chinese New Year. Further increase in EU stainless steel alloy surcharges very likely, but price increases in...
Large Indonesian nickel smelter has to stop operations – Stainless Espresso
Production at an Indonesian nickel smelter has had to be suspended for the time being following serious unrest that left two people dead at the weekend. Alumina production in Australia significantly reduced due to gas shortage. And copper prices pull. Indonesian...
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...