BMWi: How the German Federal Ministry of Economics influences (world) steel policy – Stainless Cappuccino
According to the German Federal Ministry of Economics and Energy (BMWi), Germany was the world’s seventh-largest steel producer in 2019, with 39.6 million tons. Of these nearly 40 million tons of steel, 20 million tons were exported in flat steel. With a total turnover of 32.8 billion euros and 84,000 steelmakers directly employed in 2019, it belongs to the basic industry, according to the Federal Ministry.
Green Steel and CBAM: Or how the steel producing industry is artificially kept alive – Stainless Cappuccino
In a test vote, the EU tried to gauge how a Carbon Border Levy would be received by European parliamentarians. By 444 votes to 70 (181 abstentions), this vote was in favor of introducing CBAM (Carbon Border Adjustment Mechanism). EUROFER, the lobby organization of European steel producers, has expressly welcomed this in a recent statement. Reason enough for us to take a closer look at the whole issue.
Indonesia, Tsingshan and the crashed nickel – What is really happening in the nickel market? – Stainless Cappuccino
Already at the end of February 2021, according to analysts, there were typical consolidations in commodity prices at the end of the month. By March 2, the nickel price had apparently regained its footing and the trend was pointing upward. At that time, industry news headlines and analysts were also still confident that nickel would continue to rise in price.