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Stainless Espresso: EU steel producers shy away from entrepreneurial risk

Jul 18, 2022 | Stainless Espresso

18 July 2022 – EU steel producers are reluctant to take entrepreneurial risks if the many regulations and obstacles to the expansion of renewable energies within the EU are not immediately removed. Have the biggest CO2 emitters suddenly gone green? Asian base...

Stainless Espresso: Is the nickel price turnaround coming now?

Jul 15, 2022 | Stainless Espresso

15 July 2022 – Where is the nickel price heading? Another quick knock on the price after just avoiding bankruptcy? And HRC prices in Northern Europe and Turkey are currently rising again. Source

Stainless Espresso: US manufacturers of stainless steel bar products hike prices

Jul 14, 2022 | Stainless Espresso

14 July 2022 – First US manufacturers of stainless steel bar products are passing on increased costs to buyers and have raised prices by 9% to 12%. Will other steel bar producers follow? EU demand surge could make empty warehouses even emptier. And US initiates...

Stainless Espresso: Indian steel export tax, anger grows in Italy

Jul 13, 2022 | Stainless Espresso

July 13, 2022 – There is growing anger among Italian steel and stainless steel buyers toward Indian steel producers and the steel export tax. Increasingly, market sources are reporting that they are collecting the 15% steel export tax on certain steel and...

Stainless Espresso: Scrap trading running at full speed

Jul 11, 2022 | Stainless Espresso

11 July 2022 – The scrap trade continues to run at full speed and is at its highest level in two years in terms of volume. This is also evidenced by rising steel and stainless steel scrap prices. USA urges trading partners to stop importing Chinese goods from...

Stainless Espresso: China aluminium, EU officially lift anti-dumping suspension

Jul 8, 2022 | Stainless Espresso

8 July 2022 – The EU Commission has officially announced the end of the anti-dumping suspension on imports of flat-rolled aluminium products originating in China on 12 July 2022. Anti-dumping duties of up to 24.9% will then be imposed. Chinese economy to get 220...

Stainless Espresso: Safeguard Quotas, Indian Stainless Steel Bars 50% Overbooked?

Jul 7, 2022 | Stainless Espresso

7 July 2022 – As early as 1 July 2022, the Safeguard quotas for stainless steel bars originating in India were overbooked by 50%, according to current estimates. Steel bar market picks up. Positive price sentiment on steel price development for EU member...

Stainless Espresso: US stainless steel anti-dumping measure to be extended

Jul 6, 2022 | Stainless Espresso

July 6, 2022 – The International Trade Administration has announced its intention to extend the anti-dumping measure on stainless steel sheet and strip from China. Average dumping margin of more than 76%. Is the Rusal Nornickel merger coming? Alternative energy:...

Stainless Espresso: Dark omen, stainless steel anti-dumping duties doubling?

Jul 5, 2022 | Stainless Espresso

5 July 2022 – The inclusion of certain Chinese stainless steel products in the updated EU Safeguard Quotas raises dark forebodings. Are EC and EUROFER now planning to double anti-dumping duties on Chinese stainless steel? Nickel prices in Asia are rising again....

Stainless Espresso: Netherlands needs up to 33 million tonnes of metal

Jul 4, 2022 | Stainless Espresso

4 July 2022 – EU member Netherlands will need up to 33 million tonnes of raw materials – especially steel, aluminium and nickel – in the coming years to achieve the Green Energy Transformation. A study from 2020 and a recent white paper from 2022...
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