Mar 24, 2022 | Stainless Espresso
24 March 2022 – Chinese stainless steel prices continue to rise. Already by almost 30% since December 2021. LME nickel +15% and SHFE nickel +17% today. Aluminium at over $3,600 per tonne. In addition, UK and US agree on a Tariff Rate Quota (TRQ) for steel and...
Mar 23, 2022 | Stainless Espresso
March 23, 2022 – For the fourth time since nickel trading had to be restarted on the London Metal Exchange (LME), an incident referred to by the LME as a Price Disruption Event has occurred. As the LME officially announced on its website on March 23, 2022, all...
Mar 23, 2022 | Stainless Espresso
23 March 2022 – According to media reports, the Chinese steel region Tangshan is once again in lockdown. With 130 million tonnes of crude steel production per year, the region is one of the most important steel producers in the world. SHFE nickel prices close up...
Mar 22, 2022 | Stainless Espresso
March 22, 2022 – The London Metal Exchange (LME) has again yesterday, Monday, the chaos in nickel trading not really under control and had to cancel trades for the third time. The chaos holds more and more parallels to the German Wirecard scandal from 2020....
Mar 21, 2022 | Stainless Espresso
1 March 2022 – The exploded nickel prices after the failed Tsingshan speculation continue to be artificially adjusted. On Monday, the LME and SHFE almost reached parity in the price of a tonne of nickel. LME shareholders affected? LME CEO sees banks as partly to...
Mar 18, 2022 | Stainless Espresso
18 March 2022 – There are increasing voices that the owners of the London Metal Exchange have only intervened in nickel trading to save themselves and certain parts of their cronies. Real trading does not seem to be taking place on the LME with regard to nickel....
Mar 17, 2022 | Stainless Espresso
Anti-subsidy duties not unexpected, but justification highly political. On 16 March 2022, the EU announced that it will impose anti-subsidy duties on imports of cold-rolled stainless steel from India and Indonesia. These are market protection duties of more than 40%...
Mar 17, 2022 | Stainless Espresso
March 2022 – The EU has imposed sanctions on steel from Russia and Belarus. At the same time, it has redistributed Safeguard quotas on certain steel products for these countries. The nickel trade remains the dominant topic on the LME. And the US Federal Reserve...
Mar 16, 2022 | Stainless Espresso
16 March 2022 – Nickel prices remain very high. But was there really a price drop this morning before the LME stopped trading nickel again? Are there any reliable prices at all at the moment? Let’s take a quick look. Source
Mar 16, 2022 | Stainless Espresso
16 March 2022 – As announced, the LME this morning reset the price of nickel to the level of 7 March 2022. Available nickel lots on LME down 90%? Iran wants to introduce export taxes on steel and raw materials. In China, nickel and stainless steel prices...
