Jan 31, 2022 | Stainless Espresso
31 January 2022 – Nickel made a head start at the start of trading on the last Monday in January 2022, jumping by almost 2%. China continues to get serious about environmental protection and sentences steel managers to imprisonment and fines. And falling tech...
Jan 28, 2022 | Stainless Espresso
28 January 2022 – Overcapacity: While China produced significantly less in 2021, EU27 and India are fighting for the top position in crude steel production increase and overcapacity. Base metals defy the strong dollar and Italian pipe producers raise prices for...
Jan 27, 2022 | Stainless Espresso
27 January 2022 – The EU is moving to the next level of escalation in the trade dispute between Lithuania and China by taking the case to the WTO. Aluminium continues to maintain its upside momentum. Palladium prices rise due to tensions with Russia – what...
Jan 26, 2022 | Stainless Espresso
26 January 2022 – We are receiving reports from China that 85% of all truck drivers in the Ningbo area are stuck in Corona quarantine. In addition, stocks of Chinese steel are running low in Tangshan due to strong demand and cut production. In the EU, steel...
Jan 25, 2022 | Stainless Espresso
25. January 2022 – After speculative profit taking (e.g. for nickel) before the Fed meeting on Wednesday the markets have corrected a little, important indices have already closed positively yesterday. Also, nickel prices are still above the level of a week ago,...
Jan 24, 2022 | Stainless Espresso
24. January 2022 – Technology stocks took a beating at the end of last week and at the start of the current week due to possible interest rate hikes by the US Federal Reserve, which have been known for weeks. However, things continue to look positive for the...
Jan 21, 2022 | Stainless Espresso
21 January 2022 – Real estate in China on the rise after government measures. Strong demand from the automotive sector is now also pushing up European HDG and CRC prices. European Commission to unveil its microchip bill in February. And long delivery times are...
Jan 20, 2022 | Stainless Espresso
20 January 2022 – LME nickel jumps more than 4% to over $24,000 per tonne at the start of trading. SHFE nickel and stainless steel futures have already risen by up to 8% and 6.5% respectively today. Base metals follow. Stronger demand from the automotive sector...
Jan 19, 2022 | Stainless Espresso
19 January 2022 – Taiwanese and Japanese stainless steel producers plan price increases for February 2022. Chinese stainless steel already more expensive and hard to get. Metals continue their rally from 2021. And nickel stocks continue to decline. Metals...
Jan 18, 2022 | Stainless Espresso
January 18, 2022 – Cut off from steel, aluminum and stainless steel imports – EU state Lithuania feels the Chinese hard hand in the dispute over Taiwan. Imports to Lithuania already acutely affected. France pushes countermeasures. The European Commission...
