Latest Stainless Espresso
Stainless Espresso: Raw materials, possible ban on Russian nickel and aluminium?
30 September 2022 – The possible ban on Russian raw materials from the LME warehouses caused the prices of aluminium and nickel in particular to jump yesterday. Has someone leaked out here that was actually only intended for the insider circle of large investors? Possible EU sanctions against Russian steel slabs show once again how important it is to keep an eye on supply chains. And we draw a short summary of Stainless Steel World 2022 and say thank you!
Last week most read
Stainless Espresso: South Korean steel mill to lose 1.7 million tonnes of production
South Korean steel mill to lose 1.7 million tonnes of production 19 September 2022 - South Korea's largest steel mill will lose about 1.7 million tonnes of steel production, according to the company. Normalisation of production not expected before end of 2022. Nickel price in China continues to rise. LME nickel up 19% since beginning of September. Chinese economic data is developing much better than expected. US Section 301 tariffs to remain in place - what will happen to the US Section 232...
Stainless Espresso Issue 39/2022
Stainless Espresso: All just speculation?
23 September 2022 – The European stock and commodity exchanges are a little unsettled before the weekend. What is happening right now and is it all just speculation in the end? And Indonesia seems to be losing the nickel dispute with the European Union at the WTO. Why the government is calm about it and why it could turn into a Pyrrhic victory for the EU.
Stainless Espresso: German recycling associations sharply attack EUROFER
22 September 2022 – The German recycling associations are currently attacking EUROFER and criticise its statistical figures and calculation models as being deliberately creative in order to achieve better results in their lobbying work. And significant price increases are expected for stainless steel, as Asian and European sources are currently reporting.
Stainless Espresso: Nickel soon over $ 30,000 per tonne?
21 September 2022 – Asian nickel prices have risen significantly again today. Shortly after the start of trading, LME nickel was already up almost 3%. Since the beginning of the month, nickel has thus already gained more than 20% on the SHFE and LME. At the same time, stocks on the LME continue to fall. While the question arises what significance the European commodity exchange still has for nickel trading.
Stainless Espresso: Prices of major steel products are skyrocketing
20 September 2022 – Steel prices in South Korea have soared since Typhoon Hinnamnor. In some cases by more than 16% within just a few days. In China, the coming peak season in the construction sector is already looming over steel demand. Other countries announce planned steel price increases. At the same time, prices for steel and stainless steel raw materials continue to rise.
Stainless Espresso: South Korean steel mill to lose 1.7 million tonnes of production
South Korean steel mill to lose 1.7 million tonnes of production 19 September 2022 - South Korea's largest steel mill will lose about 1.7 million tonnes of steel production, according to the company. Normalisation of production not expected before end of 2022. Nickel price in China continues to rise. LME nickel up 19% since beginning of September. Chinese economic data is developing much better than expected. US Section 301 tariffs to remain in place - what will happen to the US Section 232...
Missed an issue? Stainless Espresso Issue 38/2022
Stainless Espresso: Fire at Russian nickel producer
16 September 2022 – A fire at the Russian nickel producer Nornickel has severely damaged part of the nickel electrolysis department. How has the nickel price developed so far in September 2022? And US consumers still in a buying mood, especially for building materials.
Stainless Espresso: Indian steel export tax until at least the end of 2022
15 September 2022 – The Indian steel export tax, which covers about 95% of Indian steel and stainless steel products, is to remain in place until at least the end of 2022. In Europe, stainless steel demand continues to pick up significantly, which could become a problem for buyers in the face of massive production cuts. And Italian steel producers could stop production in the winter.
Stainless Espresso: Stainless steel, falling stocks and rising scrap prices
14 September 2022 – Stainless steel prices are influenced by various factors. Besides nickel and ferrochrome, important indicators include 300 series stocks and stainless steel scrap prices. Rebar demand in Europe good, prices expected to rise. Also on scrap: metal recycling need not be sacrificed at the EU border.