Stainless Espresso: “Think first, then fire” – Markets react as expected to news on new virus variant
November 26, 2021 – This morning the markets reacted as expected to the news of a new Corona variant in South Africa. Even though nothing has changed on the market and yesterday’s figures were still very positive, today the markets are cashing in on...
Stainless Espresso: Indonesia to ban further exports of raw materials from 2022
November 25, 2021 – Indonesia wants to ban raw material exports of bauxite, copper and tin. This was announced by Indonesian President Joko Widodo on November 24, 2021. An export ban on bauxite is to begin in 2022. Energy consumption by German steel...
Stainless Espresso: Global shortage of stainless steel and aluminium continues
November 24, 2021 – The global shortage of raw materials and semi-finished stainless steel and aluminium products continues. This is also reflected in the decline in global crude steel production in October 2021. The current situation is no better for aluminium...
Stainless Espresso: European spot market for plates bullish
November 23, 2021 – European spot market for plates is getting bullish. Plate producers focusing on project markets. Plates spot market with low availability and rising prices. Steel producers in China’s Hebei province have to reduce crude steel production...
Stainless Espresso: Use off-season before LNY 2022 for stainless steel sourcing
November 22, 2021 – Use the off-season now for strategic stainless steel purchasing ahead of the Chinese Luna New Year 2022 (LNY 2022). Opportunities in the Asian market are great. Freight costs likely to rise again soon. Base metals started Monday on a positive...
Stainless Weekend: Nickel passes $20,000 per ton mark
November 20, 2021 – Shortly before the close of trading on Friday afternoon, nickel surpassed $20,000 per ton on the LME in London this week. The signs of a renewed nickel upward trend had already been noticeable during the week. So we are looking forward to the...
Stainless Espresso: Aluminium smelter accident – prices jump due to shortage concerns
November 19, 2021 – After an accident at a large Chinese aluminium smelter in Yunnan province, aluminium prices jumped today by more than 3% in some cases. EU HRC prices are stable and are expected to rise further from January 2022. German group Thyssenkrupp is...
Breaking News: EU imposes anti-dumping on stainless steel from India and Indonesia
November 18, 2021 – The European Commission (EC) has today imposed final anti-dumping duties on cold-rolled stainless steel products from India and Indonesia. This means that anti-dumping duties of up to 35.3% will be imposed with immediate effect. Breaking...
Stainless Espresso: US vehicle production picks up by 18.8% in October 2021
November 18, 2021 – The latest figures from the US Federal Reserve (FED) show that vehicle production in the United States rose by almost 19% in October 2021. Vehicle sales are also up 6% from the previous month. This points to an imminent end in the chip...Advertisements
FOCUS EU-US: Settlement of the steel tariff dispute by November 1, 2021?