Nov 18, 2021 | Stainless Espresso
November 18, 2021 – The European Commission (EC) has today imposed final anti-dumping duties on cold-rolled stainless steel products from India and Indonesia. This means that anti-dumping duties of up to 35.3% will be imposed with immediate effect. EC imposes...
Nov 18, 2021 | Stainless Espresso
November 18, 2021 – The latest figures from the US Federal Reserve (FED) show that vehicle production in the United States rose by almost 19% in October 2021. Vehicle sales are also up 6% from the previous month. This points to an imminent end in the chip...
Nov 17, 2021 | Stainless Espresso
November 17, 2021 – The EC today presented its proposal for a new EU Waste Shipment Regulation. According to this proposal, all non-hazardous waste exports, including steel and aluminium scrap, to non-OECD countries should be banned. EC to ban export of steel...
Nov 17, 2021 | Stainless Espresso
November 17, 2021 – China’s net alumina import volume so far in 2021 has been around 2.59 million tonnes. This means that the Asian country remains one of the world’s most important buyers of the aluminium raw material. The automotive industry with...
Nov 16, 2021 | Stainless Espresso
November 16, 2021 – India expects domestic steel consumption to increase by up to 160 million tons per year in the coming years. AISI welcomes signature of US infrastructure package and focus on American-made steel. Strong dollar corrects prices –...
Nov 15, 2021 | Stainless Espresso
November 15, 2021 – It is possible that Indonesian nickel ore prices were kept artificially low through market manipulation. The Indonesian anti-monopoly authority is currently investigating this suspicion. In Europe, low-carbon ferro-chrome prices rose by up to...
Nov 13, 2021 | Stainless Espresso
November 13, 2021 – This week was marked by the approach to secure the supply of steel and stainless steel and that boycotts in the current situation simply lead to available tonnage being bought by someone else. Especially in view of the US infrastructure bill...
Nov 12, 2021 | Stainless Espresso
12 November 2021 – Even if some steel producers are trying to unsettle their customers on the EU stainless steel market with rumours, the current market indicators show something quite different. Behind the rumours, however, could be a manufacturer’s...
Nov 11, 2021 | Stainless Espresso
November 11, 2021 – Coal prices are picking up again in Asia. Dalian Coking Coal futures jump up to 10%. Indonesian nickel matte producer cuts 2022 production outlook by 13%. Base metals rally. SHFE aluminium futures up over 3%. Urea for trucks in short supply...
Nov 10, 2021 | Stainless Espresso
November 10, 2021 – Scarce aluminium stocks on the London Metal Exchange. Stocks fell below the 1 million tonne mark yesterday due to strong demand. Warrant stocks are at their lowest level since 2005. Energy restrictions and capacity constraints are supporting...
