Aperam, the Luxembourg-based stainless steel manufacturer, has raised alloy surcharges for its European austenitic flat products for April 2026. Key adjustments include: Grade 304 rose to EUR 2,211/ton (from EUR 2,151); Grade 316L surged to EUR 3,807/ton (from EUR 3,653); Grade 309S reached EUR 2,982/ton; and ferritic Grade 409 increased to EUR 898/ton. These hikes, effective April, underscore the persistent pressure from raw material and energy costs across the European market.

According to market reports, a major Luxembourg-based stainless steel manufacturer has raised the April alloy surcharges for its European flat products, effective April 1, 2026. The surcharge for the 304 grade (1.4301) increased to approximately $2,543/mt (EUR 2,211), up from last month's $2,474/mt. The 316L grade (1.4404) saw a hike to $4,378/mt (EUR 3,807), compared to $4,201/mt previously. Furthermore, the high-temperature 309S grade (1.4833) was raised to $3,429/mt (EUR 2,982), and the ferritic 409 grade (1.4512) increased to $1,033/mt (EUR 898). These upward adjustments reflect the ongoing raw material cost pressures across the European market.

Indonesia's new nickel tariffs and Europe's CBAM have sharply raised overseas stainless steel costs, driving Asian mills to hike prices. Downstream demand remains mixed: Japan and South Korea are resilient, while the Taiwan, China region faces pressure. Wary of rapid price spikes, buyers are limiting purchases to rigid demand. The market will remain cautious until tariff details and actual demand are validated.

According to market reports, European stainless steel alloy surcharges have seen a significant increase for April 2026. Surcharges for Grade 1.4301 (304) rose by approximately 3.6%, notably diverging from LME nickel prices, which actually declined by nearly 1% month-on-month. The primary catalyst behind this surge is the escalating price of ferrochrome, fueled by higher procurement costs, elevated energy prices, and the compounding financial impact of the CO2 tax under the CBAM, fully effective since January 1, 2026. This cost-push is most evident in chrome-heavy grades, with the surcharge for Grade 1.4016 (430) jumping by more than 5.4% compared to the previous month.

[Information on Angang and Bensteel Group's Product Price Policy Adjustments for April 2026] Angang's product price policy for April 2026 was adjusted as follows based on the product price policy for March 2026: 1. Hot-rolled: raised by 200 yuan/mt. 2. Pickling: raised by 200 yuan/mt. 3. Cold-rolled: raised by 200 yuan/mt. Automotive steel was raised by 200 yuan/mt. In addition, Angangshen high-strength wire in the 590 MPa, 780 MPa, 980 MPa, and 1180 MPa grades was raised by 200 yuan/mt. 4. Cold-hard: raised by 200 yuan/mt. 5. Galvanizing: raised by 200 yuan/mt. 6. Non-oriented silicon steel: raised by 200 yuan/mt. 7. Color-coated: raised by 100 yuan/mt. 8. Medium-thickness plates: raised by 200 yuan/mt. 9. Wire rod: raised by 200 yuan/mt. 10. Rebar: raised by 200 yuan/mt. 11. Alloy surcharge: please refer to the price list for details. Angang Co., Ltd. Marketing Center Mar 2026 Bensteel Group's product price policy for April 2026 was adjusted as follows based on the product price policy for March 2026: 1. Hot-rolled: raised by 200 yuan/mt. 2. Pickling: raised by 200 yuan/mt. 3. Cold-rolled: raised by 200 yuan/mt. Automotive steel was raised by 200 yuan/mt. 4. Cold-hard: raised by 200 yuan/mt. 5. Galvanizing: raised by 200 yuan/mt. 6. Electrogalvanization: raised by 200 yuan/mt. 7. Non-oriented silicon steel: raised by 200 yuan/mt. 8. Wire rod: raised by 200 yuan/mt. 9. Rebar: raised by 200 yuan/mt. 10. Special steel: raised by 200 yuan/mt. 11. Alloy surcharge: please refer to the price list for details. Bensteel Group Sheets & Plates Marketing Center, Beiying Operation Center Mar 2026

Following review and deliberation, Baosteel hereby announces the adjustments to its domestic sales prices for April 2026 based on March 2026 (unless otherwise specified, all prices are tax-exclusive), as follows: I. Hot-rolled: Base price raised by 200 yuan/mt. II. Plate: Base price raised by 200 yuan/mt. III. Pickling: Base price raised by 200 yuan/mt. IV. Cold-rolled: Base price raised by 200 yuan/mt. V. Hot-dip galvanizing: Base price raised by 200 yuan/mt. VI. Electrogalvanization: Base price raised by 200 yuan/mt. VII. Al-Zn-Al-Mg (medium aluminum): Base price raised by 200 yuan/mt. VIII. Al-Zn-Al-Mg (high aluminum): Base price raised by 200 yuan/mt. IX. Aluzinc: Base price raised by 200 yuan/mt. X. Color-coated: Base price raised by 200 yuan/mt. XI. Non-oriented silicon steel: Base price raised by 200 yuan/mt. XII. Grain-oriented silicon steel: Unchanged. XIII. Seamless pipe: Base price raised by 200 yuan/mt. XIV. Welded pipe: Base price raised by 200 yuan/mt. XV. Wire rod: Base price raised by 200 yuan/mt. XVI. Bar: Base price raised by 200 yuan/mt. XVII. For adjustments to alloy surcharges as well as coating and plating surcharges, please refer to the April 2026 price list. XVIII. The above price adjustment notice shall take effect from the date of publication. XIX. The Marketing Center (Baosteel International) of Baoshan Iron & Steel Co., Ltd. reserves the right of final interpretation of this price adjustment notice. Baoshan Iron & Steel Co., Ltd. Marketing Center (Baosteel International) March 9, 2026

February 2026 proved to be a pivotal month of challenge and adjustment for the global stainless steel market. Driven by the compounding pressures of the Carbon Border Adjustment Mechanism (CBAM), intensifying geopolitical trade friction, significantly tightened raw material quotas, and sudden supply chain disruptions, the market navigated a complex landscape.

Angang Steel's product price policy for July 2025 is adjusted as follows based on the "Product Price Policy for June 2025": 1. Hot-rolled: No change. 2. Pickled: No change. 3. Cold-rolled: No change. Automotive steel remains unchanged. Additionally, the prices for Anshen High-strength Lines with grades of 590MPa, 780MPa, 980MPa, and 1180MPa remain unchanged. 4. Cold-hardened: No change. 5. Galvanizing: No change. 6. Non-oriented electrical steel: No change. 7. Color-coated: No change. 8. Medium-thickness plates: No change. 9. Wire rod: No change. 10. Rebar: No change. 11. Seamless: No change. 12. Alloy surcharge: Refer to the price list for details. Marketing Center of Angang Steel Company Limited June 11, 2025

Ansteel's product price policy for July 2025 is adjusted as follows based on the "Product Price Policy for June 2025": 1. Hot-rolled: Prices remain unchanged. 2. Pickled: Prices remain unchanged. 3. Cold-rolled: Prices remain unchanged. Prices for automotive steel remain unchanged. Additionally, prices for Ansteel's high-strength wire rods with grades of 590MPa, 780MPa, 980MPa, and 1180MPa remain unchanged. 4. Cold-hardened: Prices remain unchanged. 5. Galvanizing: Prices remain unchanged. 6. Non-oriented electrical steel: Prices remain unchanged. 7. Color-coated: Prices remain unchanged. 8. Medium-thickness plates: Prices remain unchanged. 9. Wire rods: Prices remain unchanged. 10. Rebar: Prices remain unchanged. 11. Seamless: Prices remain unchanged. 12. Alloy surcharges: Refer to the price list for details. Ansteel Co., Ltd. Marketing Center June 11, 2025

Ansteel's product price policy for July 2025 is adjusted as follows based on the "Product Price Policy for June 2025": 1. Hot-rolled: unchanged. 2. Pickled: unchanged. 3. Cold-rolled: unchanged. Automotive steel remains unchanged. Additionally, the prices for Anshen High-strength Line's 590MPa, 780MPa, 980MPa, and 1180MPa grades remain unchanged. 4. Cold-hardened: unchanged. 5. Galvanizing: unchanged. 6. Non-oriented electrical steel: unchanged. 7. Color-coated: unchanged. 8. Medium-thickness plates: unchanged. 9. Wire rod: unchanged. 10. Rebar: unchanged. 11. Seamless: unchanged. 12. Alloy surcharge: refer to the price list for details. Ansteel Co., Ltd. Marketing Center June 11, 2025 Bensteel Group's product price policy for July 2025 is adjusted as follows based on the "Product Price Policy for June 2025": 1. Hot-rolled: unchanged. 2. Pickled: unchanged. 3. Cold-rolled: unchanged. 4. Cold-hardened: unchanged. 5. Galvanizing: unchanged. 6. Electro-galvanizing: unchanged. 7. Non-oriented electrical steel: unchanged. 8. Wire rod: unchanged. 9. Rebar: unchanged. 10. Special steel: unchanged. 11. Alloy surcharge: refer to the price list for details. Bensteel Sheets & Plates Marketing Center, Beiying Business Center June 11, 2025 Linggang Iron & Steel Co., Ltd.'s product price policy for July 2025 is adjusted as follows based on the "Product Price Policy for June 2025": 1. Hot-rolled: unchanged. 2. Wire rod: unchanged. 3. Rebar: unchanged. 4. Special steel: unchanged. Linggang Iron & Steel Co., Ltd. Procurement and Sales Center June 11, 2025