Stainless Espresso: Chinese stainless steel prices rise
Chinese stainless steel prices rise 21 June 2022 – Chinese stainless steel prices rose Monday and Tuesday and futures on the SHFE are also heading higher. Indian steel exports are expected to slump 40% in the current fiscal year. And Ukraine is putting itself on...
Stainless Espresso: Asian base metals mostly up
Asian base metals mostly up June 2, 2022 – The majority of Asian base metals were up today. SHFE Nickel and pure nickel spots are rising. Has LME nickel found its new support line? And the US Manufacturing PMI rises for the 24th month in a row. Asian base metals...
Stainless Espresso: India imposes up to 50% export taxes on iron ore, stainless steel, steel
India imposes up to 50% export taxes on iron ore, stainless steel, steel 23 May 2022 – India has imposed new export taxes on iron ore, stainless steel and steel on 21 May 2022, some of them of up to 50%. According to the Indian government, to keep important raw...
Stainless Espresso: Fed raises interest rates – markets and base metals react positively
Fed raises interest rates – markets and base metals react positively 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...
Stainless Espresso: Hedge funds try to push down commodity prices
Hedge funds try to push down commodity prices 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...Advertisements
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