In recent years, the global stainless steel market competition has intensified, China as the world's largest stainless steel producer and exporter (accounting for more than 50% of global production), its export products due to price advantage frequently become the target of anti-dumping investigations.

Recently, the Minister of Foreign Affairs of Kazakhstan met with the General Manager of Tubacex IBF Kazakhstan, a subsidiary of Spanish seamless stainless steel tube producer Tubacex, and discussed matters related to the establishment of the first seamless stainless steel and nickel alloy tube production plant in Central Asia.

The European Union's Carbon Border Adjustment Mechanism (CBAM) enters into full implementation today, marking the world's first “carbon tariff”-focused climate trade policy.

Istanbul, May 2025 - Turkey, a manufacturing hub at the crossroads of Europe and Asia, is witnessing rapid growth in the stainless steel application market. Benefiting from strong demand from the construction, energy, appliance and automotive sectors, the penetration of stainless steel products in Turkey continues to increase, while enhanced local production capacity further strengthens its position in the regional supply chain.

ISTANBUL, Demand for stainless steel products has risen significantly in line with the rapid development of Turkey's construction, appliance and manufacturing industries. Industry reports indicate that stainless steel consumption in Turkey is expected to grow by 8% year-on-year in 2025, mainly due to the expansion of infrastructure projects and export-oriented industries.

As a material widely used in industry, construction and daily life, 304 stainless steel has become an indispensable part of modern society due to its excellent performance and diverse uses.

Loss of Price Competitiveness: The 145% tariff will cause Chinese products to become substantially more expensive in the U.S. market and almost uncompetitive.