[SMM Stainless Steel Market Flash] Restocking and Falling Imports Are Supporting European Stainless Purchases

Published: May 25, 2026 17:28

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European buyers are increasing purchases from local mills as imported coil stocks are being depleted and fresh imports continue to dry up under CBAM and changing trade measures. Several mills said the market is going through a restocking phase, with tighter import availability supporting domestic order intake and prices. Some sources, however, still see an oversupply risk given that underlying consumption remains weak.

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