Happy New Year! And welcome to 2021, may it be great and unique.
With our Weekly today, we look back at the last week of 2020.
We have already noticed that the year will not really end quietly. Because the signs continued to point to material shortages, rising prices and logistics challenges. In addition, China has taken a critical look at Jack Ma’s companies and initiated investigations against Alibaba and Ant Group, for example.
And here comes the review for calendar week 53 2020.
The steel headlines of the week
China opens the door for steel scrap
Turkish stainless steel imports from China double in 2020
Alibaba: China launches anti-monopoly investigation
China tells Ant Group to return to its payments roots, imposes restrictions on it
Asian stainless steel mills withdraw offers as nickel soars
Malaysia imposes provisional anti-dumping duties on stainless flat steel from Indonesia and Vietnam
Supply chains collapse as container shortages persist
Maersk takes action to address U.S. export and trucker logistics issues
Seaborne manganese ore prices hit 10-week high on continued strength in port ore and alloy markets
UK steel protections remain in new trade deals: HMRC
Outlook for the coming week
The new year is here. Covid-19 vaccines take some of the edge off the pandemic. But it will take time to get back to normal. But the steel market is not much affected by this. And has set its signals to full throttle. We will of course continue to keep you up to date.
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We at the Gerber Group have been trading in stainless steel worldwide for over 20 years. We are your experts when it comes to purchasing, import, logistics and services. Information is a vital part of this. Because only then can you and we make the right decisions. Do you have any questions? Contact us now.
Disclaimer: Many things here represent our opinion. Others are information from the Internet. We can therefore never claim to be correct or complete. And never base a business decision solely on the news you receive from us.