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EU gas prices decline as supply outlook improves – Stainless Espresso

EU gas prices decline as supply outlook improves – Stainless Espresso

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.

FED: US with 2.1% economic growth in 2023 – Stainless Espresso

FED: US with 2.1% economic growth in 2023 – Stainless Espresso

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.