[SMM Stainless Steel Flash] India stainless bright bar export offers hold steady as EU quota squeeze weighs

Chien Shing Stainless Steel, a cold-rolling mill in Taiwan (PoC), reported lower September revenue month-on-month, although nine-month revenue more than doubled year-on-year on higher nickel-driven prices and a low base. With 304 list prices up for three straight months, the monthly decline suggests shipments may be softening as buyers test the new levels. October revenue will show whether the increases are sticking.

ESAB published its Q4 2026 US combined alloy-and-tariff surcharges for welding filler metals. The surcharge for 316/316L stainless solid wire fell from $7.08/lb ($15.57/kg) in Q3 to $6.26/lb ($13.77/kg), while 317/317L declined to $6.72/lb. Duplex 2209 and super-duplex 2509/2594/2507 eased to $8.71/lb and $9.02/lb. ERNiCrMo-3 nickel-alloy solid wire fell from $15.53/lb to $13.28/lb. SMM analysis: Mo-bearing welding-consumable surcharges broadly declined QoQ, but the combined charges also reflect nickel, chromium and tariff costs and are not molybdenum spot prices.

North American Stainless (NAS), part of Acerinox, said Type 316 cold-rolled products shipped from Oct. 1 would carry a higher base price through a two-point reduction in the functional discount. All active requests for quotation are subject to the adjustment. This is a base-price mechanism change rather than a monthly alloy surcharge.