Latest Stainless Espresso
Stainless Espresso: Dark omen, stainless steel anti-dumping duties doubling?
5 July 2022 – The inclusion of certain Chinese stainless steel products in the updated EU Safeguard Quotas raises dark forebodings. Are EC and EUROFER now planning to double anti-dumping duties on Chinese stainless steel? Nickel prices in Asia are rising again. And the US government will decide this week on Section 301 tariffs against Chinese imports.
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Stainless Espresso: New EU Safeguard Quotas Blocked
1 July 2022 – What happened to the new EU Safeguard quotas? This question will certainly be asked by market participants today. Surprisingly, and apparently without any official information, the quotas have been blocked as of 1 July 2022. The European Commission has so far remained silent on the matter.
Stainless Espresso Issue 27/2022
Stainless Espresso: New EU Safeguard Quotas Blocked
1 July 2022 – What happened to the new EU Safeguard quotas? This question will certainly be asked by market participants today. Surprisingly, and apparently without any official information, the quotas have been blocked as of 1 July 2022. The European Commission has so far remained silent on the matter.
Stainless Espresso: UK imposes sanctions on Russian Nickel King
June 30, 2022 – The UK has imposed sanctions on Russia’s “Nickel King.” Norilsk Nickel also soon on sanctions list? EU and UK extend Safeguard measures to certain steel products. And aluminum producers until 2023 already booked out.
Stainless Espresso: 35% tariffs on Russian steel and aluminum imports
June 29, 2022 – The US government has announced it will impose tariffs of up to 35% on Russian imports, including steel and aluminum. Is the nickel bet over or did the bank just back down? And Iranian steel industry crippled by hacking.
Missed an issue? Stainless Espresso Issue 26/2022
Stainless Espresso: ETS certificates and the Carbon Border Tax CBAM
23 June 2022 – Yesterday, the EU Parliament passed the new regulations for European emissions trading and the introduction of the Carbon Border Tax CBAM. Spoiler alert: To the great dissatisfaction of EU steel producers. Burst Nickel Deal: Approx. 40,000 tonnes still open, price now depressed to level to save Tsingshan Group. New US law on forced labour in China has global impact – aluminium affected?
Stainless Espresso: EU alloy surcharges July 2022 – another round in the scrap quota adjustment
22 June 2022 – The first published alloy surcharges for July 2022 suggest another round in the adjustment of the scrap quota. But has the justifiable maximum been reached in the meantime? Is CO2 reduced steel really CO2 reduced or is this just green washing? New vote on emissions trading and CBAM expected in the EU Parliament. And beware in international money business – when the “arbitrariness” of banks and financial service providers strikes.
Stainless Espresso: 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 the map as a producer and supplier of green hydrogen.