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Stainless Espresso: Asian nickel prices climb upwards

Oct 11, 2022 | Stainless Espresso

11 October 2022 – Asian spot and futures prices for nickel rose today, in some cases significantly. LME inventories continue to fall. And in China, steel and stainless steel production will be cut by up to 50% due to the upcoming 20th National Congress in...

Stainless Espresso: Indian steel export tax with no end in sight

Oct 10, 2022 | Stainless Espresso

10 October 2022 – The Indian government’s steel export tax is set to remain in place until 2023 and will only be reassessed in the upcoming budget. Asian nickel premiums rose sharply on Monday. And Germany is waiting for the gas price cap. Significant...

Stainless Espresso: Ferrous scrap the new hard currency, UAE imposes export ban

Oct 7, 2022 | Stainless Espresso

7 October 2022 – The United Arab Emirates has imposed an export ban on ferrous scrap. In South Korea, storm damage at one of the largest stainless steel producers is causing prices to rise dramatically, and availability is already limited. And EU imposes new...

Stainless Espresso: More freight, more economy – upward trend in the 4th quarter

Oct 6, 2022 | Stainless Espresso

6 October 2022 – Positive data from China, which can also be derived from the freight volumes heading towards Asia, point to a significant revival and positive sentiment in the world’s second largest economy. Which at the same time also has an impact on...

Stainless Espresso: Green hydrogen for green steel from green water?

Oct 5, 2022 | Stainless Espresso

5 Oktober 2022 – Green hydrogen is set to become the most important energy carrier for the European Union and EU steel producers in the future. But is hydrogen without green water green at all? Raw materials in stronger demand again at the start of the 4th...

Stainless Espresso: Prices for stainless steel scrap rise at start of October 2022

Oct 4, 2022 | Stainless Espresso

4 Oktober 2022 – Prices for stainless steel are rising worldwide at the beginning of October. Taiwan reports price increases of more than 10% in some cases. European energy surcharges for jump by more than 33%. Availability of nickel ore likely to decline due to...

Stainless Espresso: Raw materials, possible ban on Russian nickel and aluminium?

Sep 30, 2022 | Stainless Espresso

30 September 2022 – The possible ban on Russian raw materials from the LME warehouses caused the prices of aluminium and nickel in particular to jump yesterday. Has someone leaked out here that was actually only intended for the insider circle of large...

Stainless Espresso: Stainless steel stock material in high demand

Sep 29, 2022 | Stainless Espresso

29 September 2022 – The second day of Stainless Steel World 2022 showed how urgently available stainless steel material is currently being sought at short notice. And the alloy and energy cost surcharges of the large EU manufacturers are increasing across the...

Stainless Espresso: Stainless Steel World 2022 opens with positive mood

Sep 28, 2022 | Stainless Espresso

The first day of Stainless Steel World 2022 in Maastricht ended successfully for exhibitors and visitors yesterday. With a few exceptions, there was an extremely positive mood during the discussions on the stands and event areas. We are already looking forward to Day...

Stainless Espresso: EU alloy surcharges for October 2022 are rising again

Sep 26, 2022 | Stainless Espresso

26 September 2022 – The first recently published European alloy surcharges for stainless steel indicate a broad increase in prices. At the same time, energy surcharges should be kept in mind. Source
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