May 23, 2022 | Stainless Espresso
23 May 2022 – Market sources report that Indian stainless steel manufacturers have already reacted to the export tax on steel and stainless steel introduced by the government. Previously, the Indian media had assumed that this would be to the detriment of...
May 23, 2022 | Stainless Espresso
23 May 2022 – India has imposed new export taxes on iron ore, stainless steel and steel on 21 May 2022, some of them of up to 50%. According to the Indian government, to keep important raw materials in the country. The International Energy Agency (IEA) pointed...
May 20, 2022 | Stainless Espresso
May 20, 2022 – The nickel price on the LME exited trading yesterday (Thursday) up more than 8%. Dip-buying due to the current market outlook for commodities – scarcity, high demand and 800 billion investment in offshore energy alone by 2050 – is...
May 19, 2022 | Stainless Espresso
19 May 2022 – Already prepared? Something is rolling towards us. 300 billion euros in renewable energy. Significantly reduced duration of approval procedures for wind power and solar energy plants. Ukraine is pushing Russia back. And China is coming out of...
May 18, 2022 | Stainless Espresso
18 May 2022 – How real are the current prices after the nickel manipulation? And what influence do big US financial institutions and Chinese nickel producers have on such things? World’s largest shipping group posts best first quarter ever. And the...
May 17, 2022 | Stainless Espresso
17 May 2022 – With the official announcement that Shanghai is to come out of lockdown, China is providing an important economic stimulus that is likely to influence not only domestic but also global demand. LME aluminium inventories at record low. Source
May 16, 2022 | Stainless Espresso
16 May 2022 – The Tsingshan Group is said to have halved its short positions. However, deliveries have reportedly not yet arrived at any London Metal Exchange (LME) warehouse. Indonesian government confirms nickel reserves will run out from 2031. And Europe is...
May 13, 2022 | Stainless Espresso
13 May 2022 – A “swelling tide of Chinese stainless steel” is already rolling onto European shores, according to EU steelmakers. Actual statistical data from Eurostat is said to show that it is a drastic increase. EC and manufacturers are already...
May 12, 2022 | Stainless Espresso
12 May 2022 – The EC is currently dealing with a number of anti-dumping cases. It intends to impose anti-dumping duties on HDG from Turkey and Russia. The EU Safeguard Review should be decided by the end of May 2022. And Chinese aluminium FRP imports back to...
May 11, 2022 | Stainless Espresso
11 May 2022 – After the corrections on the commodity markets in the last few days, prices in Asia have in some cases risen significantly again today. Nickel, aluminium, iron ore, hot-rolled coil and coke prices up. Unimpressed by the market: Asian stainless...
