Aug 31, 2022 | Stainless Espresso
31 August 2022 – More and more reports are arriving that European stainless steel producers are scaling back or shutting down production altogether. So far, more than 3 million tonnes of annual capacity are already affected. The main reason cited by the major...
Aug 31, 2022 | Stainless Espresso
31 August 2022 – After isolated price increases at the beginning of the week, EU steel producers have now started to raise prices across the board. Market is getting bullish. Primary aluminium capacities in short supply – deficit of up to 1.2 million...
Aug 30, 2022 | Stainless Espresso
30 August 2022 – EU natural gas prices fell significantly on Monday. Looking at the US market, but still very high. What does this mean for stainless steel prices? North American industry investing in equipment. Strong demand for robots from the automotive...
Aug 29, 2022 | Stainless Espresso
29. August 2022 – Hot-rolled coil (HRC) prices have increased in recent days. Market sources report HRC price increases of up to 14%. Stainless steel smelter in Belgium remains closed. German natural gas storage facilities more than 80% full. And European...
Aug 26, 2022 | Stainless Espresso
26 August 2022 – Have you already had your dose of bad news today? The approach of the media and consulting firms “Bad news travels fast” or “Only bad news are good news” makes use of a human trait: Bad news gets more attention than good...
Aug 25, 2022 | Stainless Espresso
25 August 2022 – The German economy grew surprisingly in the second quarter of 2022, according to official data. Hot-rolled coil demand in China has increased significantly. And Turkish companies are at risk of being sanctioned by the United States when trading...
Aug 24, 2022 | Stainless Espresso
24 August 2022 – The EC announced today that the EU Safeguard measure on certain steel products will be adjusted following a WTO ruling. A look at the possible impact of this adjustment (spoiler: Safeguard will not be terminated). Chinese stainless steel spot...
Aug 23, 2022 | Stainless Espresso
23 August 2022 – Germany’s largest steel producer, thyssenkrupp, which has been rescued several times by billions in taxpayers’ money and is therefore almost a state-owned company, seems to be in trouble again in some areas. Market participants...
Aug 22, 2022 | Stainless Espresso
22 August 2022 – The US stock market is up 15% since mid-June despite challenges in the capital markets. And nickel futures in Asia are up more than 5% in some cases today. Indonesian nickel tax and concerns about shortages in raw material reserves drive price....
Aug 19, 2022 | Stainless Espresso
19 August 2022 – There is fierce competition for steel scrap. In the first half of 2022 alone, the EU exported almost as much scrap as in the whole of 2021 or 2020. It quickly becomes clear why ferrous and non-ferrous scrap is already being called the new gold....
