May 5, 2022 | Stainless Espresso
5 May 2022 – As expected, the US Federal Reserve (Fed) announced a rate hike of 50 basis points to 1%. Markets and base metals react positively to the decision. HRC and stainless steel prices rise. And he who buys cheap buys twice – Beware of fraud in...
May 4, 2022 | Stainless Espresso
4 May 2022 – Hedge funds and investment firms like to bet on falling prices on the commodity exchanges and at the same time invest in large media companies. With the right news, they can quickly reap rich profits for their investors. Positive market data despite...
May 3, 2022 | Stainless Espresso
3 May 2022 – The International Nickel Study Group (INSG), which consists mainly of consumer countries, announced in April 2022 that it assumed a nickel production surplus for 2022. The INSG had already significantly overestimated the situation in 2021. This...
May 2, 2022 | Stainless Espresso
2 May 2022 – After the EU stainless steel producers had already increased the alloy surcharges for May, a large Italian stainless steel producer is now following suit and increasing prices by more than 43% in some cases. Nickel production remains under pressure...
Apr 29, 2022 | Stainless Espresso
29 April 2022 – In the seven-year old case before the EU Court of Justice against the EU anti-dumping measure on flat-rolled stainless steel imports from Taiwan and China, the plaintiff has suffered a final defeat in the second instance. Temperatures of more...
Apr 28, 2022 | Stainless Espresso
28 April 2022 – The World Bank has predicted metal prices at historically high levels in 2022 and also in 2023. Ferrochrome prices rise significantly in Europe and Asia. No correction in steel prices expected. And global nickel consumption continues to increase....
Apr 27, 2022 | Stainless Espresso
EC announces intention to lift tariffs and quotas for Ukraine 27 April 2022 – According to a EC press release, this includes all safeguard quotas on certain steel products and anti-dumping measures by the European Union against exports from Ukraine. The European...
Apr 27, 2022 | Stainless Espresso
27 April 2022 – Has the suspension of the European anti-dumping measure on flat-rolled aluminium imports from China come to a quick end? Nickel prices on SHFE rose significantly again today. And aluminium prices are holding steady at a high level with an upward...
Apr 26, 2022 | Stainless Espresso
6 April 2022 – Nickel is the new oil. The fuel of the green transformation. And the raw material will soon be depleted. In less than 8 years, the first countries will run out of nickel. Was $100,000 per ton just the beginning? And Chinese industry continues to...
Apr 26, 2022 | Stainless Espresso
In less than eight years, the Philippines will run out of nickel. Already in 2030, with the current Philippine production quantities and necessary increase quotas, no more nickel can be mined from currently known deposits due to the increasing demand. Deposits in...
