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...
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...
