Story perspectives

2026: Stainless Steel Prices Rise Amid Nickel Export Cuts

12/26/2025

Summary

Story summary

In 2026, global stainless steel prices are expected to recover moderately.
The Indonesian government will tighten export quotas, reducing global nickel flows.
Europe and North America adjust inventory and supply-chain strategies.
The Carbon Border Adjustment Mechanism will affect Asian suppliers and drive a market split between Western high-price zones and competition in Southeast Asia and Africa.
Raw material costs remain volatile, with a focus on scrap.

1 of 1

Story summary

In 2026, global stainless steel prices are expected to recover moderately.
The Indonesian government will tighten export quotas, reducing global nickel flows.
Europe and North America adjust inventory and supply-chain strategies.
The Carbon Border Adjustment Mechanism will affect Asian suppliers and drive a market split between Western high-price zones and competition in Southeast Asia and Africa.
Raw material costs remain volatile, with a focus on scrap.