Scrap availability further restricted – Stainless Espresso

Dec 2, 2022 | Stainless Espresso

2 December 2022 – Scrap prices jumped yesterday following the EU ENVI decision on waste shipment regulation. Earlier, another country had already closed its export market for scrap. New anti-dumping measures were imposed on cold-rolled stainless steel products....

The end of the Indonesian nickel export ban? – Stainless Espresso

Dec 1, 2022 | Stainless Espresso

1 December 2022 – The WTO panel has announced its recommendation on the Indonesian nickel export ban. But has the end of the export ban really come? Indonesia is already showing itself belligerent and the nickel unimpressed. General Disclosure in the EU...

Raw material costs cause stainless steel prices to rise further – Stainless Espresso

Nov 30, 2022 | Stainless Espresso

30 November 2022 – The ferro-molybdenum price in particular is currently causing stainless steel prices to rise further. But nickel and scrap are also exerting significant upward pressure. EU subsidises ETS certificates with 100 billion euros. Further billions...

Scrap prices rise due to shortage – Stainless Espresso

Nov 29, 2022 | Stainless Espresso

29 November 2022 – Scrap prices are rising, especially in the United States. But Europe is also seeing a decent jump in prices. Is the next shortage of shipping space coming? New CO2 standards planned for 2023. And would the LME like to be the real hero in the...

Chinese aluminium warehouse inventories continue to fall – Stainless Espresso

Nov 28, 2022 | Stainless Espresso

28 November 2022 – Aluminium stocks in Chinese warehouses continue to fall, pointing to a strong recovery in demand. At the same time, the Chinese New Year in 2024 is coming particularly early for buyers. And in Australia, transport costs jump 20% after severe...

Stainless Espresso: EU Safeguard Review opens with tough claims

Nov 25, 2022 | Stainless Espresso

25 November 2022 – Tough claims in the dispute over the EU Safeguard measure on certain steel products are dominating the opening round of the review of the market protection measure, which has been in place since 2019, triggered by a WTO ruling. A...

Stainless Espresso: Further support for commodity prices in 2023

Nov 24, 2022 | Stainless Espresso

24 November 2022 – Commodity prices receive further support in 2023. No sign of recession in Germany so far. And is the proposal for a green label for the German steel industry really so clean? Source

Stainless Espresso: Indian steel export tax just an appeasement strategy?

Nov 23, 2022 | Stainless Espresso

23 November 2022 – Was the Indian export tax on steel just a diversionary tactic? Nickel prices rose by more than 4% on Tuesday. Stainless steel spot prices rise in China. Italian rolling mills and service centres start buying spree. And scrap demand and price...

Stainless Espresso: Stainless steel alloy surcharges for December 22 increase significantly

Nov 22, 2022 | Stainless Espresso

22 November 2022 – The first publications of stainless steel alloy surcharges for December already indicate a further increase. Particularly in the United States, there is a clear upward trend. Indonesia loses WTO nickel dispute against European Union and wants...

Stainless Espresso: Nickel companies sanctioned

Nov 21, 2022 | Stainless Espresso

21 November 2022 – The US government last Friday imposed sanctions on several Russian- and Belarusian-owned nickel mining companies. Stainless steel futures in Asia rise 1.5%. The STOXX 600 gives EU companies a positive tailwind. And India is taking an early hit...