Andritz has completed the supply of a continuous pickling line, acid regeneration plant, acid purification plant, and silicon removal systems to voestalpine in Linz, Austria. Read more
Tsingshan Holdings has successfully introduced economic duplex stainless steel (QTDX21) into China's railway freight industry, marking a breakthrough in cost efficiency and durability. Read more
The Philippine government has removed the raw ore export ban from the mining fiscal regime bill, aiming to balance industry growth and economic sustainability. Read more
Butting and Outokumpu have strengthened the Global Nuclear Metal Supply network by expanding their cooperation to improve supply chain efficiency for the nuclear industry. Read more
Carla Gohin joins Forvia as Executive Vice President, Group Chief Strategy Officer. She will join the Executive Committee and report directly to Martin Fischer, Forvia’s CEO. Read more
SIJ Acroni secures IATF 16949 certification and launches new electrical steel for EV motors after heat treatment upgrade, boosting capacity and pioneering Europe’s green steel innovation. Read more
Stainless steel prices kept falling in Europe in late May-early June. Asian exporters faced extremely weak demand as EU buyers stayed cautious, expecting further declines over the summer. Read more
Import stainless scrap offer prices remained stable in June, but purchasing activity has declined significantly as mills grapple with high inventories of both raw materials and finished products. Read more
India’s leading stainless flat product manufacturer, Jindal Stainless Limited (JSL), increased domestic offer prices last week in an attempt to boost market sentiment. Read more
2025-06-08Producer News, End User News, Market News, Distributor NewsAmerica
On the evening of June 3, 2025, U.S. President Donald Trump signed a proclamation to double tariffs on steel and aluminum imports from 25% to 50%. Read more
China’s stainless steel output remained almost stable in May, reducing just by 0.7% from the previous month. Meanwhile, significant cuts are expected in June. Read more
Indian stainless steel manufacturer Shyam Metalics (SMEL) experienced a slight dip in sales last month as domestic demand weakened with the onset of the rainy season. Read more
THIELMANN, one of the world's leading manufacturers of stainless steel container solutions, has officially joined IRESTAL following the successful closure of the deal first announced on May 7, 2025. Read more
The Italian stainless steel longs producer Cogne Acciai Speciali has notified trade unions of its decision to implement a second temporary layoff scheme (“cassa integrazione”) this year. Read more
The European Central Bank (ECB) has made its fourth rate cut of 2025, continuing its cautious easing path to support economic resilience and revive industrial demand. Read more
The European Commission (EC) has launched a new import surveillance system to shield EU industries from surges in foreign goods, particularly those redirected from other markets due to high tariffs. Read more
SMR Raw Materials Report, May 2025 is now available for all club members. It has the latest price trends and price analysis for stainless steel scrap, NPI, nickel, ferrochrome and molybdenum. Read more
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