Several factors will shape stainless steel prices globally and regionally in the near term:

• Raw material costs: Nickel prices are expected to stabilize between $15,000–$20,000 per tonne, while chromium costs are unlikely to be as high as in recent years. These raw materials will influence alloy surcharges and overall product pricing.

• Supply chain disruptions: Ongoing challenges, from global shipping delays to material shortages, will continue to affect inventory levels and lead times.

• Trade policies and tariffs: Import/export restrictions and tariffs in key markets like the US and Europe are likely to alter supply chains and pricing strategies.

• Demand fluctuations: Uneven demand across sectors such as infrastructure, automotive and consumer goods will create pricing variability.

Staying informed on these factors will be crucial for navigating price volatility and maintaining competitive advantages.