Nov 9, 2021 | Stainless Espresso
November 9, 2021 – The US infrastructure deal will increase demand by an average of 5 million tons of steel for every US$100 billion spent on it, according to US steel groups – which could amount to a calculated 27.5 million tons. Positive trends on stock...
Nov 8, 2021 | Stainless Espresso
November 8, 2021 – Stainless steel remains a scarce commodity in Europe. Initial voices are calling for a boycott as a protest against scarce availability and prices. But can that really be a solution? The United States surprised with very good labour market...
Nov 6, 2021 | Stainless Espresso
November 6, 2021 – The last week was dominated by consolidations on the commodity exchanges. In addition, the announcement by the Russian government to lift export taxes on aluminium alloys shook up the market somewhat. The Fed announcement to start tapering was...
Nov 5, 2021 | Stainless Espresso
November 5, 2021 – The Russian government lifted the 15% export tax on aluminium alloys – billets and slabs – at the end of October with 30 days’ notice. The EU raw materials strategy is showing more and more critical problems. The next crisis...
Nov 4, 2021 | Stainless Espresso
November 4, 2021 – US Federal Reserve announces start of tapering. Financial aid to end by mid-2022. Market reacts positively. Stainless steel demand in China picks up due to good sentiment. EU and US aluminium associations dissatisfied with quota solution in...
Nov 3, 2021 | Stainless Espresso
November 3, 2021 – Steel demand is increasing worldwide. One of the reasons is the outlook for 3.3 million tonnes of steel to be sold from Europe to the United States. Asian industries are increasingly coming out of lockdown. Aluminium prices are stabilising....
Nov 2, 2021 | Stainless Espresso
November 2, 2021 – Stainless steel price corrections limited. After coal prices were adjusted in China, other products such as stainless steel and nickel also corrected. However, these corrections are very limited. The United States is flying home with a victory...
Nov 1, 2021 | Stainless Espresso
November 1, 2021 – The EU-US dispute over steel and aluminium tariffs has been paused for the time being. Agreement has been reached on a quota system for European steel exports to the United States. But are all sides satisfied with this or has the solution...
Oct 31, 2021 | Stainless Espresso
October 31, 2021 – The United States and the European Union have reached an agreement in the steel and aluminium dispute. According to media reports, the European steel industry has received a tariff rate quota of 3.3 million tonnes of steel for exports to the...
Oct 31, 2021 | Stainless Espresso
October 31, 2021 – Due to the Chinese intervention in coal prices in the country, the markets have had a short up and down ride. And have since consolidated at a high level. This consolidation was also necessary. The coming week will be very interesting with the G20...
