BIR Released Latest World Mirror on Stainless Steel and Special Alloys
Metal Recycling News | 2025-05-22 13:27:14
The European stainless steel producers continue to be hit badly by lack of domestic demand and severe margin pressures, BIR report said.
By Paul Ploumis
SEATTLE (Scrap Monster): The Washington-based Bureau of International Recycling (BIR) announced publication of the May 2025 edition of its World Mirror on Stainless Steel and Special Alloys.
U.S. tariffs and associated market concerns largely destroyed the optimistic market sentiments that were fueled by a steady improvement in the business outlook and a rise in orders from European stainless steel flat producers. Consequently, the price and demand for stainless steel and stainless scrap have decreased. According to the BIR report, the lack of local demand and extreme margin pressures are still having a significant negative impact on European stainless steel producers.
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The Indian market has seen a sharp decline in demand for imported stainless steel scrap since tariff talks began, with many mills choosing to use domestic suppliers. Due to decreased mill production, Malaysia and Indonesia are experiencing a shortage of stainless steel scrap. There was little demand for stainless steel scrap, according to Taiwanese mills as well. The market is already oversupplied, and Chinese mills reported raising their output in the meanwhile.
The recycling trade association anticipates a price spike and an increase in demand for stainless steel in the Middle East during the remainder of the year.
