[SMM Steel] On March 25, 2026, the European Steel Association (Eurofer) issued a stark warning following the release of the latest OECD data, labeling global steel overcapacity an "existential threat" to European steelmaking, investment, and jobs. The data reveals that global steelmaking capacity has climbed to a record 2.4 billion mt, with excess capacity reaching 640 million mt in 2025—exceeding total OECD production by over 200 million mt. Eurofer Director-General Axel Eggert is calling for the immediate adoption of a robust tariff-rate quota (TRQ) system to shield the EU market from trade diversion and stabilize the domestic industry before current measures expire

[SMM Steel] The European Steel Association (Eurofer) issued an urgent call for the EU to implement a new steel trade measure, citing a "deepening global crisis." According to the latest OECD data, global steelmaking capacity has reached a record 2.4 billion mt, with excess capacity surging to 640 million mt in 2025 - exceeding total OECD production by over 200 million mt. Eurofer Director General Axel Eggert described the situation as an "existential threat" to European jobs and investment, urging negotiators to finalize a robust tariff-rate quota (TRQ) system before the current safeguards expire in June 2026.

Stainless steel futures prices have fallen six times in a row, and the actual consumption of downstream before the holiday is stronger than last year, and traders have entered the holiday. The stainless steel main company has continued to weaken since January 25, 2023, after hitting a new high of 14,430 yuan/ton, down 1.11% as of 9:13 today.