25 September 2023 – Poland has filed a lawsuit with the European Court of Justice against the EU regulations on CO2 allowance trading, the Market Stability Reserve and the CO2 Carbon Border Tax CBAM, which is due to start in October 2023. And on 26 September, Stainless Steel World begins in Maastricht, The Netherlands.
22 September 2023 – EU gas prices have continued to fall this week, which should help the manufacturing industry. In South Korea, a large stainless steel plant will cease production at the end of the month. And Indonesia is not allocating any new mining quotas for nickel in 2023. Nickel ore also remains scarce.
21 September 2023 – The US Federal Reserve yesterday (Wednesday) raised its growth forecast for the US economy to 2.1% this year and also expects growth of at least 1.5% in 2024. A major Chinese stainless steel mill is down for several weeks due to a change in production and concurrent maintenance in Q4.
20 September 2023 – Are the German Bündnis90/Die Grünen lobbying the European and German steel industry? A look at the recent past and current election programmes quickly makes this clearer and declares CBAM, which is not supposed to be a market protection measure, to be an EU market protection measure. And the German and British Producer Price Indices for August have both exceeded expectations and are moving within an economically positive framework.
19 September 2023 – Asian stainless steel prices are currently holding steady, while Chinese analysts are already pointing to the possibility of rising prices. Nickel sulphate remains in short supply. And Indonesian minister warns of dwindling nickel reserves.
19 September 2023 – Asian stainless steel prices are currently holding steady, while Chinese analysts are already pointing to the possibility of rising prices. Nickel sulphate remains in short supply. And Indonesian minister warns of dwindling nickel reserves.
13 September 2023 – The Indonesian government wants to monitor nickel supply more closely and ensure that dwindling raw material reserves contribute to maximum value creation. Consumer sentiment in China has improved markedly and in the United States the bottom seems to have been reached in the destocking cycle.
25 September 2023 – Poland has filed a lawsuit with the European Court of Justice against the EU regulations on CO2 allowance trading, the Market Stability Reserve and the CO2 Carbon Border Tax CBAM, which is due to start in October 2023. And on 26 September, Stainless Steel World begins in Maastricht, The Netherlands.
18 September 2023 – Chinese consumption has continued to grow. Online retailers in particular are ahead. Commodities could benefit from Chinese domestic consumption. German ports really a matter for the local governments? The German states with maritime ports are disappointed with the vague and unspecific stance taken by Federal Economics Minister Robert Habeck.
15 September 2023 – Asian raw material prices continued to develop positively on Friday, closing in part significantly higher. Chinese stainless steel prices rose. And the LME is once again trying to be more transparent.
14 September 2023 – Nearly 23 million small and medium-sized enterprises have played a subordinate role in the European Union for almost 30 years. Why EC President Ursula von der Leyen only now wants to have recognised this remains a mystery. It is more than doubtful whether her SME envoy, who is to be appointed, will change anything, since the EC actively ignores its own impact assessments on SMEs – even when it is pointed out to it. And the Asian SHFE is in a positive mood, base metals are rising.
13 September 2023 – The Indonesian government wants to monitor nickel supply more closely and ensure that dwindling raw material reserves contribute to maximum value creation. Consumer sentiment in China has improved markedly and in the United States the bottom seems to have been reached in the destocking cycle.
12 September 2023 – Was the rushed introduction of the final EU CBAM Regulation on 17 August 2023 just an election campaign gift for Frans Timmermans, who resigned as Executive Vice-President of the EUROPEAN COMMISSION on 22 August 2023? And immediate action against EU anti-circumvention procedures demanded from the EU Parliament. Thorsten Gerber, CEO of the Gerber Group sends a fire letter to the Members of the European Parliament.
11 September 2023 – As raw nickel supplies remain tight and producers of nickel sulphate nearly sold out in August, analysts are positive on the price trend of the stainless steel and battery raw material. Out of fear of shortages, NPI producers are already stockpiling raw materials. And have EU stainless steel producers forgotten how to act economically due to too many market protection measures?
8 September 2023 – Has the biggest CO2 polluter in the EU, Germany, made the results of its new heating law look good, taking Brussels as an example? And we wonder about the panic-stricken awakening of the Assofermet in Italy.
7 September 2023 – Short setback in nickel futures. Are investors already close to re-entry? German auto market continues to grow significantly in August. And in the EU-US steel dispute is still no agreement in sight. Is a transatlantic steel cartel looming?
6 September 2023 – It must reek of cold sweat of fear in the boardrooms of European stainless steel producers. towards the nickel and stainless steel giant Indonesia certainly seems to be enormous.
5 September 2023 – The Chinese government presented its “Work Plan for Steady Growth of the Iron and Steel Industry” at the end of August. Market participants expect a drastic reduction in crude steel production from October. And Mexico’s economy will receive a strong boost.
4 September 2023 – From the end of September, new EU sanctions against Russian steel products will come into force – this time against steel and iron precursors in finished products. The latest US labour market data point to easing and Asian nickel prices rose again.
1 September 2023 – Asian nickel prices rose on September 1. Tight availability and strong demand appear to be the driving forces here. Freight rates from Asia to North America have jumped, in some cases significantly, indicating an increase in demand there. And the European Purchasing Managers’ Index (EMI) rose in August.
August 31, 2023 – After some significant price jumps for Indonesian nickel ore due to a shortage of raw materials, the first companies now appear to be buying from the Philippines to cover their requirements. And Asian raw material prices continue to develop positively.
30 August 2023 – EU stainless steel producers’ order books are currently filling up and delivery times have also shifted dramatically towards the end of 2023. Taiwanese stainless steel prices for September to rise. Asian NPI prices up as much as 8% in August.