28 November 2022 – Aluminium stocks in Chinese warehouses continue to fall, pointing to a strong recovery in demand. At the same time, the Chinese New Year in 2024 is coming particularly early for buyers. And in Australia, transport costs jump 20% after severe weather and the cancellation of a major rail line.
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?
24 November 2022 – Commodity prices receive further support in 2023. No sign of recession in Germany so far. And is the proposal for a green label for the German steel industry really so clean?
23 November 2022 – Was the Indian export tax on steel just a diversionary tactic? Nickel prices rose by more than 4% on Tuesday. Stainless steel spot prices rise in China. Italian rolling mills and service centres start buying spree. And scrap demand and price are currently developing positively.
22 November 2022 – The first publications of stainless steel alloy surcharges for December already indicate a further increase. Particularly in the United States, there is a clear upward trend. Indonesia loses WTO nickel dispute against European Union and wants to appeal.
22 November 2022 – The first publications of stainless steel alloy surcharges for December already indicate a further increase. Particularly in the United States, there is a clear upward trend. Indonesia loses WTO nickel dispute against European Union and wants to appeal.
23 November 2022 – Was the Indian export tax on steel just a diversionary tactic? Nickel prices rose by more than 4% on Tuesday. Stainless steel spot prices rise in China. Italian rolling mills and service centres start buying spree. And scrap demand and price are currently developing positively.
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?
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.
18 November 2022 – SHFE nickel contracts were again resilient to the chaos on the LME in Friday trading. World Steel sees demand growth for steel in many regions for 2022, but especially for 2023, despite challenges, and Indonesia approaches Canada at G20 summit about setting up a nickel producer bloc.
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?
16 November 2022 – European alloy surcharges for December 2022 are currently hitting a raging nickel, expensive scrap, predictable ferro-chrome values and jumping ferro-molybdenum prices, battling it out with the strengthening euro for the strongest influence. But what does the political agenda of EU stainless steel producers have to say about all this?
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.
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.
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?
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.
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.
8 November 2022 – Reading the press releases and new statistical forecasts of the European steel producer association EUROFER, it seems that the end of
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.
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.
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.
2 November 2022 – Ferrochrome prices have stabilised recently and have increased by more than 16.5% since mid-September. Among other things, this could be related to a supply problem with chrome ores. After nickel had already risen by more than 3% in October, it opened November with a drastic upward price jump.