[SMM Stainless Steel Market Flash] Scrap Surge and Geopolitics Raise Cost Pressure on EU Mills

Published: Apr 17, 2026 18:07

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According to market reports, European stainless mills are facing mounting cost pressure from both geopolitics and raw materials. Concerns linked to the US-Iran conflict are adding uncertainty to energy and input costs, while 304 scrap has climbed to €1,400/t delivered across most EU countries this month. The continued rise in costs is becoming a key support factor for higher stainless steel prices in Europe.

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