The Stainless Espresso

red-line-700x80

The Latest Stainless Espresso

Stainless Espresso: EU Safeguard Review opens with tough claims

25 November 2022 – Tough claims in the dispute over the EU Safeguard measure on certain steel products are dominating the opening round of the review of the market protection measure, which has been in place since 2019, triggered by a WTO ruling. A truckers’ strike paralyzes South Korean ports. And is the EU already considering the use of new unratified trade defense tools?

Read More »
Advertisements
Stainless Steel Coils & Sheets - Talk to an Expert

What Moves The Market

Top Story Stainless Steel

Last Week Most Read

Focus On

Stainless Espresso: EU Safeguard Review opens with tough claims

25 November 2022 – Tough claims in the dispute over the EU Safeguard measure on certain steel products are dominating the opening round of the review of the market protection measure, which has been in place since 2019, triggered by a WTO ruling. A truckers’ strike paralyzes South Korean ports. And is the EU already considering the use of new unratified trade defense tools?

Read More »

What was going on so far in November 2022

Stainless Espresso: Nickel companies sanctioned

21 November 2022 – The US government last Friday imposed sanctions on several Russian- and Belarusian-owned nickel mining companies. Stainless steel futures in Asia rise 1.5%. The STOXX 600 gives EU companies a positive tailwind. And India is taking an early hit on its steel export tax.

Read More »

Stainless Espresso: Nickel soaring, LME influence and too little liquidity

17 November 2022 – A lot of volatility in nickel contracts after they had recently risen by almost 40%. Was the lack of liquidity on the LME nickel market to blame? Or the LME itself? Emptying stainless steel stocks in China, strong ferronickel and nickel pig iron demand and lack of supply are driving prices. Scrap in short supply in Italy, prices rise. And is Outokumpu possibly planning a takeover?

Read More »

Stainless Espresso: Who’s been tweaking the nickel?

15 November 2022 – Rumours and speculation about yesterday’s jump in the price of nickel are currently all over the media. A look at the possible causes. Stainless steel and stainless steel scrap prices on the rise. And the European Round Table (ERT) for Industry refers to the Stainless Espresso.

Read More »

Stainless Espresso: Nickel jumps 15%, new rally?

14 November 2022 – Nickel jumped more than 15% to over $31,000 per tonne shortly after the start of trading on the LME. London Metal Exchange decides against ethical standards. And according to a GEM report, the liquefied natural gas industry is building up massive overcapacity, which is likely to depress prices.

Read More »

Stainless Espresso: EU Anti-Circumvention Investigation Stainless Steel

11 November 2022 – According to sources familiar with the matter, the EU’s anti-circumvention investigation against stainless steel hot-rolled flat products (SSHR) from Indonesia and Turkey is being fought tooth and nail. Even when the ammunition turns out to be a barrel burst. The nickel rally on the LME and SHFE continues, with dramatic price increases since the beginning of November. And is it allowed to break WTO regulations for subsidies in the EU?

Read More »

Stainless Espresso: Important impulse from China

10 November 2022 – There are now indications that China is aiming for a relaxation of the Corona policy. This should lead to important impulses not only for the Chinese economy. Nickel prices in Asia jump by more than 4%. European nickel over $25,000 at start of trading.

Read More »

Stainless Espresso: EU stainless steel alloy surcharge still legally legitimate?

9 November 2022 – Has the EU stainless steel alloy surcharge had its day and finally lost its legitimacy? A deeper look into the reports of the stainless steel producer Aperam raises justified doubts about the legitimacy of the alloy surcharge. Prices for stainless steel scrap are rising in Europe, in some cases significantly. And hydrogen producers are already calling for the first market protection measures.

Read More »

Stainless Espresso: General strike in Belgium this week?

7 November 2022 – A general strike has been called for this week in Belgium. US market proves more than robust in terms of employment growth and logistics real estate. Where is the European hangover coming from? And European steelmakers are probably not-amused about AISI’s move on GHG emissions.

Read More »

Stainless Espresso: Stainless steel prices rise in Europe

4 November 2022 – According to media reports, prices for stainless steel products originating in the EU have risen again. Rising prices are reported from Italy in particular, but also from France and Spain. Strong ferrochrome demand expected for November and December. And nickel stocks on the LME have continued to fall.

Read More »

Stainless Espresso: EU decision on scrap export ban postponed until early 2023?

3 November 2022 – Has the vote on the controversial EU Waste Shipment Regulation been postponed? Is this to give lobby groups more influence on the voting behaviour of the European parliamentarians? Green-washing strategy of EU steel producers in danger due to reported top results? And the US customs authorities are taking measures against circumvention attempts on steel from China.

Read More »