【SMM Nickel Market Flash】Finnish stainless steel producer Outokumpu said on Monday that U.S. import tariffs are causing significant market disruption. According to a company survey, at least one-third of firms have paused or delayed stainless steel orders due to the tariffs, while more than half are reassessing their sourcing strategies. Outokumpu's CEO, Kati ter Horst, also stated that current EU import quotas are too high amid slowing global demand and that she expects the European Commission to announce new measures in October to protect domestic producers.

[SMM Analysis]On August 28, 2025, the Office of the US Trade Representative (USTR) announced a three-month extension of the "Section 301" tariff exclusions for certain Chinese goods. These tariffs originated from the US investigation into China's policies on technology transfer, intellectual property, and innovation. The exclusions, originally set to expire on August 31, 2025, have now been extended until November 29, 2025.

The joint venture plans to develop a 1-gigawatt onshore wind project, aimed at supplying renewable electricity directly to BMW's manufacturing operations in Shenyang.