BIR: Global stainless scrap market faces mounting pressure

The global market for stainless steel scrap is grappling with significant challenges, as demand continues to decline and trade uncertainties disrupt decision-making processes, according to the latest World Mirror report released by the Bureau of International Recycling (BIR) Stainless Steel & Special Alloys Committee.

The report highlights the fact that an initially optimistic outlook for the stainless steel sector has been quickly derailed by the impact of U.S. tariffs, which have introduced uncertainty into global supply chains and prompted cautious buying behavior. This has translated into reduced demand for key stainless steel inputs,