September 2025 Stainless Steel Import and Export Data Analysis

1. Top Five Import Regions

In September 2025, China’s stainless steel imports reached 120,300 metric tons, a 2.65% month-on-month increase and a 0.4% year-on-year rise.

From January to September 2025, total imports stood at 1.138 million metric tons, marking a 21.35% decrease compared with the same period last year.

Indonesia remains China's primary stainless steel supplier, accounting for nearly 80% of total imports. However, cumulative imports from Indonesia fell 24.8% year-on-year, reflecting the continued impact of Indonesia’s export quota adjustments and tighter global supply conditions.

2. Export Performance

China's net exports of stainless steel in September 2025 reached 298,200 metric tons, a 9.83% month-on-month decrease and an 11.95% year-on-year decline.

From January to September 2025, cumulative net exports totaled 2.6448 million metric tons, representing a 16.25% increase year-on-year.

This growth indicates steady overseas demand, particularly from Southeast Asia and the Middle East, even amid global price volatility and logistical challenges.

However, the month-on-month drop suggests seasonal slowdown and reduced shipment activity during China's holiday transition period.

3. Market Analysis

a. Import Decline Trend:

The overall import contraction of more than 21% year-on-year reflects China’s increasing self-sufficiency in stainless steel production, supported by expanding capacity in provinces such as Fujian and Guangxi.

b. Export Recovery Momentum:

Despite the short-term decline in September, cumulative exports remain robust. Domestic producers have strengthened competitiveness through cost control, flexible supply chain strategies, and higher value-added product offerings such as decorative and precision stainless steel sheets.

c. Raw Material Prices:

Nickel and ferrochrome prices remained elevated in Q3 2025, supporting stainless steel costs and limiting sharp price drops in both domestic and export markets.

4. Outlook and Key Takeaways

a. Looking ahead to Q4 2025:

Imports are likely to stay subdued as domestic output continues to rise.

Exports may pick up slightly with year-end overseas restocking and infrastructure projects.

Prices are expected to remain range-bound, supported by raw material costs and limited inventory levels.

b. Key Recommendations:

Traders should closely monitor nickel price trends and Indonesian policy updates.

Exporters can capitalize on seasonal restocking demand in Southeast Asia.

Manufacturers should maintain flexible production planning to adapt to raw material fluctuations.