Sep 28, 2021 | Stainless Espresso
The supply of Chinese stainless steel was significantly reduced shortly after the announcement of further energy rationing, this time in Fujian province. Nickel prices should stabilize due to supply and demand situation. EU Trade Chief moderately optimistic about...
Sep 27, 2021 | Stainless Espresso
Negotiations on an end to reciprocal U.S.-EU punitive tariffs on aluminum and steel are scheduled for next Wednesday. The steel lobby already welcomes a possible quota solution. Aluminum producers, on the other hand, reject import quotas on aluminum. Energy and metal...
Sep 24, 2021 | Stainless Espresso
Before the weekend, it is currently rather quiet on the markets. China is so far focusing on prudence and order in the real estate group Evergrande. And the United States wants to finally end the chips shortage in the automotive industry. Markets: calm before the...
Sep 23, 2021 | Stainless Espresso
September 23, 2021 – Magnesium prices in China continue to rise. Stainless steel and aluminum futures continue to rise. Aluminum Alloys shoot upwards. Green steel: Clever move by thyssenkrupp? And Germany fails to make the green turn. More than 80% hydrogen must...
Sep 22, 2021 | Stainless Espresso
September 22, 2021 – After the Asian Mid Autumn Festival holidays, the data on the Shanghai Futures Exchange (SHFE) look much friendlier today. Nickel, aluminum and stainless steel in the plus. Silicon and magnesium prices sprint away due to partly drastic...
Sep 21, 2021 | Stainless Espresso
We currently sense and hear slight uncertainties in the steel market. This alone is reason enough for us to take a closer look at some obvious facts or even just news. According to the alleged financial market trade press, two topics are currently present: the...
Sep 20, 2021 | Stainless Espresso
September 20, 2021 – Big surprise: Safeguard hardliner Italy wants to suspend EU steel tariffs. Holidays in Asia and sluggish metal markets. The Asian economy is emerging from the Corona low and has a lot of catching up to do. Metals: Sluggish trading activity,...
Sep 17, 2021 | Stainless Espresso
The Western press is once again full of reports that the Chinese economy is threatening to collapse. But it turns out that the Asians see things differently and the metal markets in particular are reacting in the opposite direction. The European Union is more than 30%...
Sep 16, 2021 | Stainless Espresso
The European Commission has extended the anti-dumping measure on imports of stainless steel cold-rolled flat products originating in the People’s Republic of China and Taiwan. Despite major legal concerns raised by Gerber Group. Gerber Group pointed out breach...
Sep 16, 2021 | Stainless Espresso
September 16, 2021 – Procurement concerns for Chinese stainless steel have caused futures on the SHFE and spot prices to jump upwards. In Italy, a winner is emerging in the battle for stainless steel producer Acciai Speciali Terni. And the OECD is secretly...
