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Steelmakers Delay Recovery to 2027

European stainless steelmakers are pushing back demand recovery expectations to 2027 as tighter import curbs fail to boost orders. Companies like Outokumpu and Aperam report falling earnings and weak end-user activity.

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The logo of stainless steel maker Aperam is seen outside the company office building in Saint-Denis, near Paris, France, July 23, 2026. REUTERS/Sarah Meyssonnier

European stainless steelmakers are pushing back demand recovery expectations to 2027 as import curbs fail to boost orders. APERAM CEO Sud Sivaji noted that real underlying demand remains weak.