EU Stainless Steel: Imports Surge, Prices Drop Amid US Tariffs

The European steel market is under pressure as imports of steel products, including stainless steel bars and rods, have increased dramatically since the beginning of 2025. This change is linked to new 50% U.S. tariffs on steel and aluminum, which are forcing global suppliers to redirect excess supply to Europe.

Surging Imports Drive Down Prices

A recent surveillance report by theEuropean Commission shows that:

• Imports of stainless steel bars and rods increased by over 1,000% year-on-year.

• Prices for these products dropped by 88%.

• Other types of steel rods saw a 222% import increase, with a 55% price drop.

This surge has created concern among European steel manufacturers. Ilse Henne, Chair of Thyssenkrupp’s Supervisory Board, said, “The time for action is now.” Thyssenkrupp is already planning to reduce production due to weak demand, which may lead to significant job losses.

📉A Warning for the European Steel Industry

The European Union’s safeguard system, which currently applies a 25% tariff on steel imports above quota, is being phased out and set to expire by 2026. The EU is now considering new emergency trade protections to prevent further market instability.

Eurofer, the European Steel Association, expects steel consumption to fall by 0.9% in 2025, marking the fourth year of decline. Despite lower demand, imports continue to rise, pushing prices down and threatening local producers.

🔍 What This Means for the Stainless Steel Market

This shift in global trade is not only affecting producers but also impacting buyers. While lower prices may seem attractive, increased volatility, tariff uncertainty, and CBAM compliance could bring challenges to sourcing decisions.