[SMM Stainless Steel Flash] Italian Steel Prices Set to Rise in Summer on New EU Safeguard Measures

Published: Jun 11, 2026 13:34

Save

Italy's steel market faces persistent downstream weakness, but the EU's new safeguard measures taking effect July 1, featuring significantly tighter import quotas and doubled out-of-quota duties, compounded by CBAM and antidumping constraints, are expected to sharply curtail non-EU procurement options, strengthen EU mills' bargaining power, and drive a price rebound during summer as inventories draw down. In the stainless steel segment, service center volumes collapsed 15–20% MoM in May as artificial price supports faded, with Assofermet seeing no near-term recovery signals.

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

12 mins ago

Data: SHFE, DCE market movement (Jun 11)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 11 Jun , 2026

12 mins ago

1 hour ago

[SMM Nickel Intermediate Products Daily Review] June 11 MHP, High-Grade Nickel Matte Nickel Prices, Cobalt Prices Decline

As of now, the FOB price of Indonesian MHP nickel stands at $16,743/mt Ni, and the FOB price of Indonesian MHP cobalt is $51,343/mt Co. The MHP payables (against the SMM battery-grade nickel sulphate index) range from 83.5-85, and the cobalt payable indicator for MHP (against SMM refined cobalt, Rotterdam warehouse) is 95. The FOB price of Indonesian high-grade nickel matte is $16,831/mt Ni.

1 hour ago

3 hours ago

[SMM Stainless Steel Flash] Chinese Taiwan's Tang Eng Reports Decreased Stainless Steel Sales for 2025

Tang Eng Iron Works distributed approximately 159,000 tons of stainless steel products in 2025, down 13.1% YoY and falling short of its 216,000-ton budget target. Cold-rolled and hot-rolled output declined 14.9% YoY to around 159,000 tons, despite raw steel production rising 6.3% to 31,285 tons. The company attributed the declines to US tariffs, exchange rate fluctuations, geopolitical tensions, and oversupply from cheap Chinese steel exports. To improve performance, Tang Eng plans to stabilize core business profits, leverage land assets for non-operating income, and introduce sustainability programs tied to its core operations.

3 hours ago