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

Published: Apr 17, 2026 18:07

Save

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.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

27 mins ago

SMM Battery-Grade Nickel Sulphate Price Drops by 50 Yuan/mt on May 26

According to SMM data, on May 26, the SMM battery-grade nickel sulphate average price fell 50 yuan/mt from the previous day.

27 mins ago

29 mins ago

[SMM Nickel Sulphate Daily Review] May 26: Weak Trading Sentiment, Nickel Salt Prices Slightly Declined

On May 25, the SMM battery-grade nickel sulphate average price remained stable.

29 mins ago

46 mins ago

[SMM Nickel Midday Review] Nickel Prices Plunged on May 26 as Strait of Hormuz Set to Reopen

46 mins ago