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BlR: Chinese stainless steel exports keep squeezing EU producers' margins-不銹鋼展-2025第二十五屆廣州國際不銹鋼工業(yè)展--The 25th China(Guangzhou)Int'l Stainless Steel Industry Exhibition
2/24/2025 不銹鋼展-Stainless Steel exhibition |
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According to a report on the stainless steel market published by the Bureau of International Recycling (BlR),despite a slight increase in order intakes during the early weeks of the vear, leading European stainless steelproducers are stil not reaping sufficient margins on goods sold due to weak demand within the EU as well asthe continuous pressure of a huge capacity overhang in Asia on producers'' profitability, making it difficult toachieve any sales price increase on finished goods. in addition, although a drop-off in industrial productionduring the early weeks of 2025 has further undermined the supply of stainless steel scrap, prices have notsoared as demand from European mills is not high.
According to the report, despite recent stimulus measures, China is continuing to overproduce and to flood theAsian market with stainless steel end products.
In addition, BlR noted that the imposition in the US of the new import tariffs on steel will hit those stainlessproducers with globalized value chains which need to import certain semi finished products for further treatmentin their US-based facilities.
不銹鋼展-2025第二十五屆廣州國際不銹鋼工業(yè)展--The 25th China(Guangzhou)Int''l Stainless
Steel Industry Exhibition
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