Skip to content
Jianglin Stainless Steel

Location

Jianglin Group, Wuqing District, Tianjin

Hotline

+86 18621742353

Office Hour

Mon – Fri 9:00 AM-6:00 PM

Home
About
Products
Blog
Contact
Home
-
news
-
Germany: Automotive sector picks up speed – Stainless Espresso

Germany: Automotive sector picks up speed – Stainless Espresso

get quotation
EU Safeguard: What is actually going on?
1-130P6215314394
EU Safeguard: What is actually going on?
Nickel prices continue to rise at the beginning of May 2023 
cVkhyx9zHwIGE79fG1nX7ABMMzs9m3QXHZOTwOq0
Nickel prices continue to rise at the beginning of May 2023 
EU plans new sanctions mechanism – Stainless Espresso
107068869-1653983978364-gettyimages-1240503118-AFP_329M3VU
EU plans new sanctions mechanism – Stainless Espresso
Things You Need to know about buying stainless steel sheets
stainless steel plate
Things You Need to know about buying stainless steel sheets
Nickel prices are in sideways trading, and stainless steel is underpowered
600_600_165780066163402
Nickel prices are in sideways trading, and stainless steel is underpowered
The spot price of stainless steel coil continues to fall
stainless steel coil
The spot price of stainless steel coil continues to fall
Loading...

11 April 2023 – Sentiment in the auto industry in Germany improved significantly in March. Indonesia is desperately trying to get a foothold in the US industry but is struggling not only with too much Chinese influence and a lack of environmental standards. Demand for stainless steel scrap in Asia remains stronger than for nickel pig iron. EU stainless steel producers are also likely to feel the price pressure on scrap.

According to Deutsche Bank, sentiment in the auto industry in Germany improved significantly in March, with the barometer rising from 7.6 to 23.7 points. Suppliers were more optimistic at 34.7 points than manufacturers at 19.4 points. The former recorded its first increase in orders in eleven months, while the latter benefited from a persistently high order backlog.


Tailwind from China

Additional tailwind could come from China: Although demand for cars there has been sluggish so far in 2023, prompting some manufacturers to cut prices, the bottom is likely to be reached shortly. With DAX carmakers estimated to generate a third of their profits in China, the sector could develop robustly.


Nickel: Indonesia’s Investment Minister is set to visit the US

Indonesia’s Investment Minister is set to visit the US to address concerns regarding alleged nickel discrimination. The minister seeks to ensure fair treatment for Indonesia’s nickel industry and defend the country’s environmentally friendly mining practices. However, the rapid expansion of nickel mining in Indonesia has raised serious environmental concerns.


Growing environmental problems

According to recent articles, the nation’s nickel mines have led to deforestation, the destruction of nature, and the loss of biodiversity in Indonesia. These issues highlight the dark side of the growing demand for nickel in the electric vehicle and battery sectors.


Too much Chinese influence?

Furthermore, in addition to the problematic environmental standards in raw material mining, there are likely to be major reservations on us side about Indonesian nickel due to the strong Chinese influence in the Indonesian nickel industry. The US neighbor Canada could therefore be the closer and also cleaner partner for the US government with regard to nickel. Especially because Indonesia has not yet taken a clear position on the Russian crisis.


Chrome, NPI, stainless steel scrap

In March, Chinese high-carbon ferrochrome output saw a notable increase, driven by factors such as the end of the Lunar New Year holiday and relaxed energy consumption restrictions. Additionally, high chrome ore prices and elevated bid prices for ferrochrome at major stainless steel mills contribute to the production surge. As the steel industry continues to recover, demand for high-carbon ferrochrome, a crucial material in stainless steel production, is expected to grow, supporting higher output levels.


However, the pent-up demand from the Chinese industry should soon compensate for the increased ferrochrome production, while the supply of chrome ores is still tight and is expected to remain so.


NPI and stainless steel scrap prices up

Nickel Pig Iron prices rose again today in China by about 1%. Nevertheless, analysts believe that it is currently more attractive for Asian producers to use stainless steel scrap instead of NPI in EAF production.


Stainless steel scrap prices with major influence

This is likely to further influence scrap availability and also encourage European producers to further adjust stainless steel prices upwards. Indian stainless steel scrap prices also showed a stable sideways movement recently. Chinese spot prices for 304 stainless steel scrap also increased by about 1% today.

Jianglin Stainless Steel
Location

Jianglin steel, Yuanjiabao, Chagugang county, Wuqing District, Tianjin

mail us

[email protected]

phone

+86 18621742353

main products

  • Stainless Steel Plate
  • Stainless Steel Coil
  • Stainless Steel Strip
  • Stainless Steel Tube
  • Stainless Steel Bar
  • Stainless Steel Wire

recent posts

EU Safeguard: What is actually going on?

Posted by adminMay 24, 2023

Nickel prices continue to rise at the beginning of May 2023 

Posted by AllenMay 19, 2023

EU plans new sanctions mechanism – Stainless Espresso

Posted by [email protected]May 11, 2023

contact us

Get Latest Price List

Send

© 2018 Justiss Co. All rights reserved | Theme design by Zemez

Inquiry

Need some help?Just leave your contact, 
Our sales representative will reach you shortly. 

or you can simply email to us: [email protected]

Contact Form Demo

After filling up forms, so we can redirect and send you our latest catalog immediately.

you are also most welcome to ask our salesman to check for you, [email protected]

Downpayment

We provide Down Payment to all of our clients for securing clients’ demands. Contact us for a feasible down payment method.

This product is special, please contact our sales directly to get more information.
Our sales representative will reach you shortly. 

or you can simply email to us: [email protected]

Contact Form Demo

Need some help?Just leave your contact, 
Our sales representative will reach you shortly. 

or you can simply email to us: [email protected]

Contact Form Demo
Order Tracking

Thank you for checking our order progress!

Just Insert our PI No. and your contact Email

Talk to our professional sales?