Stainless Steel Market Trends – June 2025

The stainless steel market in 2025 continues to be shaped by significant global uncertainty. Ongoing trade tensions with the U.S., the war in Ukraine, and rapidly shifting geopolitical developments have all contributed to market volatility and hesitation.

Across regions, performance varies greatly. In some markets, robust demand and dynamic activity are driving healthy business growth. In contrast, Central European markets remain weak, primarily due to Germany’s sluggish economic recovery. As the EU’s economic powerhouse, Germany’s underperformance has had a ripple effect, dampening trade and confidence in neighboring countries reliant on exports. Although recent data hint at a modest German rebound, sustainability remains uncertain as the summer slowdown approaches.

Product Focus: Sheets & Plates

After a modest price increase in Q1, stainless steel sheet and plate prices came under pressure in Q2 due to a sharp rise in imports—mainly cold-rolled material from Taiwan. Despite import-related risks, a weak U.S. dollar continues to make international offers appealing to European buyers, increasing expectations of further price softening for flat products during the summer.

However, rising production costs and a likely uptick in nickel prices could restrict EU producers' ability to cut prices further. As a result, some may resort to capacity reductions. Looking ahead, with demand forecasted to improve in the second half of 2025, moderate price increases may follow.