In recent years, as Europe’s manufacturing supply chain continues to adjust, demand for 300-series stainless steel coils has remained stable across sectors including architectural decoration, automotive components, household appliances, machinery, food processing and chemical equipment. Meanwhile, amid changes in European production costs, import quotas, trade policies, inventory cycles and downstream procurement patterns, imported stainless steel materials have continued to play an increasingly important role in supplementing regional supply and providing price references in the European market.
Belgium, as an important metal trading, port logistics and regional distribution hub in Europe, is one of the key destinations for stainless steel imports entering the European market. CIF Belgium transaction prices can better reflect the overall landed cost of 300-series stainless steel materials before arrival at major European ports, including overseas mill quotations, ocean freight and insurance costs. This provides an important reference for traders, processors, service centres and end users when assessing import cost changes, procurement windows and regional price competitiveness.
Among these products, 304 stainless steel is widely used in architectural decoration, household appliances, kitchen equipment and general industrial manufacturing, making it one of the most commonly traded grades in the European 300-series stainless steel market. Meanwhile, 316L stainless steel, supported by its superior corrosion resistance and welding performance, is mainly applied in chemical equipment, food processing, pharmaceuticals, marine applications and high-end manufacturing. Relevant CIF Belgium prices can serve as an important reference for assessing the cost of imported stainless steel materials, overseas supply competitiveness and end-user purchasing pressure in Europe.
To further refine the SMM international pricing system, enhance market transparency, and provide pricing benchmarks closer to terminal delivery for the upstream and downstream industry chain, SMM has decided:
Effective June 15, 2026, SMM will officially launch:
‘304/2B Coil Mill Edge, CIF Belgium’, ‘304/No.1 Coil Mill Edge, CIF Belgium’, ‘316L/2B Coil Mill Edge, CIF Belgium’ and ‘316L/No.1 Coil Mill Edge, CIF Belgium’.
Prices specifications:
1. Description: 304/2B Coil Mill Edge, CIF Belgium
- Quality: Standard thickness 2mm, thickness range 1.5-2.0mm, width 1240mm, burr edge, compliant with ASTM A480/A480M
- Definition: CIF Belgium Main Port
- Unit: USD/tonne
- Quantity: Minimum 20 tonnes
- Timing: Within 30-45 days
- Publication: Daily, before 12pm CET
- Payment Terms: L/C/TT at sight in USD, Other Payment Terms Normalized
2. Description: 304/NO.1 Coil Mill Edge, CIF Belgium
- Quality: Standard thickness 4mm, thickness range 4.0-8.0mm, width 1520mm, burr edge, compliant with ASTM A480/A480M
- Definition: CIF Belgium Main Port
- Unit: USD/tonne
- Quantity: Minimum 20 tonnes
- Timing: Within 30-45 days
- Publication: Daily, before 12pm CET
- Payment Terms: L/C/TT at sight in USD, Other Payment Terms Normalized
3. Description: 316L/2B Coil Mill Edge, CIF Belgium
- Quality: Standard thickness 2mm, thickness range 1.5-2.0mm, width 1240mm, burr edge, compliant with ASTM A480/A480M
- Definition: CIF Belgium Main Port
- Unit: USD/tonne
- Quantity: Minimum 20 tonnes
- Timing: Within 30-45 days
- Publication: Daily, before 12pm CET
- Payment Terms: L/C/TT at sight in USD, Other Payment Terms Normalized
4. Description: 316L/NO.1 Coil Mill Edge, CIF Belgium
- Quality: Standard thickness 4mm, thickness range 4.0-8.0mm, width 1520mm, burr edge, compliant with ASTM A480/A480M
- Definition: CIF Belgium Main Port
- Unit: USD/tonne
- Quantity: Minimum 20 tonnes
- Timing: Within 30-45 days
- Publication: Daily, before 12pm CET
- Payment Terms: L/C/TT at sight in USD, Other Payment Terms Normalized
For any inquiries, please contact the SMM Nickel & Stainless Steel Industry Research Department
SMM Nickel & Stainless Steel Industry Research Department
June 11, 2026