General demand momentum slowed significantly for European stainless steel producers during June. The strong market dynamics observed throughout April and into the beginning of June have faded, and most market participants are now anticipating a more subdued demand environment for the coming months (...)

• Indonesia considering increase in mining quota
• Middle East now shipping out significant volumes of stainless scrap
• Slower Indian demand for stainless steel scrap from mid-June

• Mills focused on procuring domestic supplies of recycled stainless
• Domestic supply insufficient so import sources still need to be considered
• Mills becoming more quality-conscious

• Indonesia’s mining quota call a key market factor
• Most yards turning material promptly
• Tariffs continuing to shape where material flows

• Europe’s stainless producers maintain cautious purchasing strategy
• Scrap availability continues to be relatively limited
• Italian producers buying mainly in line with immediate production needs

• Markets driven primarily by logistics and geopolitical developments
• Higher freight costs and insurance premiums, as well as longer lead times
• Energy, infrastructure and industrial projects keep demand broadly stable

• Relatively strong demand for clean revert and production scrap
• Buying strategies lean towards reliability and continuity
• Secondary tungsten an increasingly important part of supply chain