SMO254 Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition
SMO254 Price Trend, Index and Forecast
Track the latest insights on SMO254 price trend and forecast with detailed analysis of regional fluctuations and market dynamics across North America, Latin America, Central Europe, Western Europe, Eastern Europe, Middle East, North Africa, West Africa, Central and Southern Africa, Central Asia, Southeast Asia, South Asia, East Asia, and Oceania.
SMO254 Prices Outlook Q3 2025
- USA: USD 15568/MT
- Germany: USD 13783/MT
- China: USD 11095/MT
- India: USD 17280/MT
- United Kingdom: USD 21548/MT
SMO254 Price Chart
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During the third quarter of 2025, the SMO254 prices in the USA reached 15568 USD/MT in September. The increase reflected stronger demand from construction, offshore and desalination sectors, combined with elevated input costs, particularly for nickel and molybdenum. Domestic producers passed through higher manufacturing, energy and logistics costs, while import delays added supply-chain bottlenecks. Currency strength of the USD reduced competitiveness of imports, and inventories remained tight.
During the third quarter of 2025, the SMO254 prices in Germany reached 13783 USD/MT in September. The modest rise was underpinned by steady demand from infrastructure and chemical processing industries, alongside moderate increases in alloying raw-material costs. Energy costs especially electricity and gas added to production overheads in Europe, while shipping and port handling disruptions created incremental cost burdens. Exchange-rate fluctuations and regulatory compliance for super-austenitic stainless steels in the EU also played a role in supporting price levels.
During the third quarter of 2025, the SMO254 prices in China reached 11095 USD/MT in September. The slight decline mirrored weakened demand in some downstream segments and a relatively stable domestic supply base. Input costs of nickel and molybdenum were somewhat constrained due to lower global momentum, and manufacturers absorbed some cost impacts rather than fully passing them along. Logistics remained efficient, and currency variations were limited, which kept upward pressure modest. Overall, pricing in China showed a mild downward drift despite stable fundamentals.
During the third quarter of 2025, the SMO254 prices in India reached 17280 USD/MT in September. The downward move was influenced by slower import flows of key alloying materials and softer demand from power-generation and petrochem sectors. Elevated logistics and inland freight costs, coupled with customs and port clearance delays, added cost uncertainty. Currency depreciation increased landed costs, but competitive pressures and inventory build-up constrained the ability of suppliers to fully increase price. Demand-side softness weighed on the pricing momentum.
During the third quarter of 2025, the SMO254 prices in the United Kingdom reached 21548 USD/MT in September. Prices slipped as a result of subdued demand in offshore oil-&-gas and wind-energy sectors, combined with cost pressures that could not be fully passed to buyers. Import dependency for high-alloy steels exposed the UK producers to currency and trade-documentation volatility, and regulatory compliance added to overheads. While supply remained tight in niche segments, overall market sentiment dampened pricing for SMO254 in the UK during Q3.
SMO254 Prices Outlook Q2 2025
- USA: USD 15218/MT
- Germany: USD 13620/MT
- China: USD 11263/MT
- India: USD 17578/MT
- United Kingdom: USD 21832/MT
During the second quarter of 2025, the SMO254 prices in the USA reached 15218 USD/MT in June. In the USA, SMO254 prices were influenced by volatility in the costs of high-purity alloying elements such as molybdenum and nickel. The aerospace and offshore oil and gas sectors showed stable demand, which maintained pressure on existing inventories. Domestic production was affected by labor constraints and extended lead times for specialty equipment. Additionally, supply chain delays involving imported semi-finished stainless steel products disrupted fabrication schedules for downstream manufacturers.
During the second quarter of 2025, SMO254 prices in Germany reached 13620 USD/MT in June. In Germany, price trends for SMO254 were impacted by high energy costs and raw material input fluctuations, particularly for nickel and chromium. Procurement challenges stemming from longer delivery times for imported billets and coils added to sourcing complexity. The chemical processing and pharmaceutical sectors drove consistent demand, while several producers experienced reduced output due to scheduled maintenance. Environmental compliance costs also added to the overall production overhead during this quarter.
During the second quarter of 2025, the SMO254 prices in China reached 11263 USD/MT in June. In China, SMO254 pricing was shaped by variable costs of feedstock metals and stricter regulatory controls on industrial emissions. The government’s environmental audits resulted in intermittent shutdowns across several steel processing zones. High domestic demand from the desalination and marine industries kept consumption levels firm. Export volumes were also influenced by shifting freight rates and logistical bottlenecks at major ports, which impacted delivery timelines for international orders.
During the second quarter of 2025, the SMO254 prices in India reached 17578 USD/MT in June. In India, prices for SMO254 were influenced by increased demand from the chemical and power generation sectors, coupled with limited availability of imported alloying materials such as molybdenum. Currency fluctuations also affected the landed cost of essential raw inputs. Delays in customs clearance and constrained domestic melting capacities impacted production output. Additionally, infrastructural limitations in key industrial clusters created bottlenecks in the movement of finished and semi-finished stainless products.
During the second quarter of 2025, the SMO254 prices in the United Kingdom reached 21832 USD/MT in June. In India, prices for SMO254 were influenced by increased demand from the chemical and power generation sectors, coupled with limited availability of imported alloying materials such as molybdenum. Currency fluctuations also affected the landed cost of essential raw inputs. Delays in customs clearance and constrained domestic melting capacities impacted production output. Additionally, infrastructural limitations in key industrial clusters created bottlenecks in the movement of finished and semi-finished stainless products.
SMO254 Prices Outlook Q1 2025
- USA: USD 15869/MT
- Germany: USD 14202/MT
- China: USD 11400/MT
- India: USD 17200/MT
- United Kingdom: USD 22300/MT
During the first quarter of 2025, the SMO254 prices in the USA reached 15869 USD/MT in March. SMO254 pricing in the USA was influenced by elevated nickel and molybdenum input costs due to global supply constraints and geopolitical tensions affecting mining operations. Domestic producers faced extended lead times for alloy imports, while high labor and energy costs increased production expenses. The chemical processing and offshore oil and gas sectors maintained steady demand, contributing to limited inventory availability and higher procurement competition.
During the first quarter of 2025, SMO254 prices in Germany reached 14202 USD/MT in March. In Germany, SMO254 prices in Q1 2025 were impacted by fluctuating raw material costs, especially for nickel and chromium, which faced import delays from non-EU sources. Energy-intensive production processes were affected by elevated electricity and gas prices. The downstream demand from the marine engineering and pharmaceutical sectors remained stable, while supply-side pressures were amplified by maintenance shutdowns at key alloy manufacturing facilities.
During the first quarter of 2025, the SMO254 prices in China reached 11400 USD/MT in March. In China, SMO254 pricing was shaped by robust demand from the desalination, petrochemical, and pollution control sectors. Raw material procurement was strained due to reduced domestic nickel output and stricter environmental regulations on molybdenum mining. Manufacturing activities in key industrial hubs experienced periodic slowdowns from emissions-related inspections. Export restrictions on high-alloy steel products also influenced domestic availability and reshaped pricing structures.
During the first quarter of 2025, the SMO254 prices in India reached 17200 USD/MT in March. In India, the prices of SMO254 in Q1 2025 were driven by strong demand from the chemical processing and pulp and paper sectors, particularly in industrial clusters across western and southern regions. Import dependence for nickel and molybdenum exposed producers to global market volatility. Logistics delays at major ports and elevated inland transportation costs added further strain to overall supply chain efficiency and pricing.
During the first quarter of 2025, the SMO254 prices in the United Kingdom reached 22300 USD/MT in March. In the United Kingdom, SMO254 prices in Q1 2025 were impacted by currency fluctuations that increased the cost of imported raw materials. Energy price volatility and high production costs placed pressure on alloy fabricators. The offshore wind and oil and gas sectors showed stable offtake, but inventory management became more cautious amid regulatory uncertainty related to post-Brexit trade protocols and customs documentation delays.
Regional Coverage
The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing SMO254 prices.
Europe SMO254 Price Trend
Q3 2025:
The SMO254 price index in Europe in Q3 2025 registered moderate upward movement as raw-material cost inflation, especially nickel and molybdenum, combined with steady albeit cautious demand from construction and chemical sectors. Energy and compliance overheads remained elevated across continental operations, and logistics disruptions added to landed cost burdens. However, held-back downstream demand and competitive sourcing limited more aggressive price rises, resulting in a measured but positive regional trend.
Q2 2025:
As per the SMO254 price index, European prices were influenced by elevated energy costs and fluctuations in the availability of key alloying elements such as nickel and molybdenum. The region’s reliance on imports for certain semi-finished stainless steel products contributed to longer procurement cycles. The demand from the chemical processing and marine sectors remained stable, while supply-side pressures were amplified by ongoing labor shortages and maintenance activities at major production sites. Environmental compliance regulations further increased manufacturing overheads across several countries.
Q1 2025:
As per the SMO254 price index, the European SMO254 market reflected fluctuating market dynamics. January prices rose due to increasing nickel costs and supply chain concerns, while February remained stable as producers absorbed input pressures. March recorded a sharp increase, driven by inventory depletion and infrastructure-related speculation. Trading volumes surged year-over-year, indicating growing industrial interest, though construction and automotive demand remained subdued. The overall price outlook was tempered by persistent weakness in residential and commercial construction, even as civil engineering activity and raw material volatility continued to shape production costs and spot price movements.
Detailed price information for SMO254 can also be provided for an extensive list of European countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America SMO254 Price Trend
Q3 2025:
The SMO254 price index in North America climbed during Q3 2025, supported by strong offtake in infrastructure, chemical processing and desalination industries, paired with higher input and transportation costs. Domestic production facilities passed through higher alloy and energy inputs, and inventory discipline among suppliers maintained upward momentum. Currency strength and import delays also contributed. While some buyers sought alternative grades, the constrained supply of SMO254 kept pricing resilient.
Q2 2025:
As per the SMO254 price index, in North America, pricing dynamics for SMO254 were shaped by volatility in raw material input costs, particularly for molybdenum and chromium. The oil and gas and water treatment sectors maintained steady offtake, creating supply-side pressure. Domestic production was affected by workforce availability and component sourcing delays. In addition, extended lead times for specialized melting and forging equipment added strain to operational timelines, while logistical inefficiencies impacted distribution in key industrial corridors.
Q1 2025:
As per the SMO254 price index, in Q1 2025, the SMO254 market in North America followed a steady upward trend. January prices rose amid rising nickel costs driven by Indonesian export policy uncertainty, pushing up production expenses. February saw temporary stabilization despite labor shortages and volatile raw material costs. March brought a sharp price rise due to tariff increases and sustained input cost pressures. Demand from the construction, manufacturing, and automotive sectors remained strong, supporting market momentum. Spot prices reflected cost inflation and broader economic optimism, with Q2 forecasts remaining firm, contingent on continued construction growth and elevated nickel prices.
Specific SMO254 historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa SMO254 Price Trend
Q3 2025:
The report explores the SMO254 trends and SMO254 price chart in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
Q2 2025:
As per the SMO254 price chart, the prices in the Middle East and Africa fluctuated due to a complex interplay of factors, primarily driven by supply chain disruptions, seasonal demand shifts, and geopolitical influences.
Q1 2025:
As per the SMO254 price chart, the prices in the Middle East and Africa fluctuated due to a complex interplay of factors, primarily driven by supply chain disruptions, seasonal demand shifts, and geopolitical influences. A tight supply from refineries, exacerbated by maintenance rounds and unplanned outages, put pressure on prices. Simultaneously, demand from the agrochemical sector during the planting season contributed to price changes.
Region-wise data and information on specific countries within these regions can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific SMO254 Price Trend
Q3 2025:
The SMO254 market in Asia Pacific during Q3 2025 showed decline in prices as some demand from industrial sectors softened and domestic supply bases were adequate enabling alternative sourcing. Cost inflation from alloying materials and logistics was present, but downward demand pressure constrained full cost pass-through. Currency fluctuations were moderate and local production efficiencies helped cushion cost impacts, resulting in downward levels for SMO254.
Q2 2025:
In the Asia Pacific region, SMO254 prices were influenced by a combination of strong end-user demand and restricted supply of high-grade alloy inputs. China’s environmental inspections led to intermittent shutdowns across some stainless steel production hubs, affecting regional availability. Import restrictions, fluctuations in freight rates, and currency movements added complexity to procurement. The marine, power, and desalination sectors drove consistent demand, while infrastructure limitations in emerging economies delayed deliveries and increased transportation costs.
Q1 2025:
In Q1 2025, the SMO254 price index in the Asia Pacific region reflected a mixed performance with early declines followed by a late-quarter rebound. January saw modest gains due to supply constraints in the nickel pig iron market and strong alloy demand. February registered a decline amid reduced nickel output, falling iron ore prices, and macroeconomic uncertainty. March marked a strong recovery, driven by increased Chinese nickel production and a surge in new home transactions. The production cost trend remained volatile due to shifting raw material dynamics, while spot prices firmed by quarter-end amid improving construction-led demand.
This SMO254 price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America SMO254 Price Trend
Q3 2025:
Latin America's SMO254 market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in SMO254 prices.
Q2 2025:
Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, the SMO254 price index, economic fluctuations, and currency devaluation are critical factors that need to be considered when analyzing SMO254 pricing trends in this region.
Q1 2025:
Latin America's SMO254 market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in SMO254 prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, the SMO254 price index, economic fluctuations, and currency devaluation are critical factors that need to be considered when analyzing SMO254 pricing trends in this region.
This comprehensive review can be extended to include specific countries within Latin America.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
SMO254 Pricing Report, Market Analysis, and News
IMARC's latest publication, “SMO254 Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the SMO254 market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of SMO254 at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed SMO254 prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting SMO254 pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.
SMO254 Industry Analysis
The global SMO254 market size reached 125.39 Thousand Tons in 2025. By 2034, IMARC Group expects the market to reach 176.63 Thousand Tons, at a projected CAGR of 3.88% during 2026-2034. The market is primarily driven by the increased demand in marine/offshore, desalination and chemical processing sectors, rising infrastructure investment in emerging economies, and substitution of conventional stainless steels with higher-performance alloys in aggressive environments.
Latest developments in the SMO254 industry:
- January 2025: Universal Stainless & Alloy Products, Inc. confirmed the finalization of its previously disclosed acquisition by Aperam S.A. (the “Acquisition”), under which Universal shareholders are set to receive $45.00 for each share of Universal’s common stock in this all-cash deal.
- May 2024: Jindal Stainless, India’s one of the top manufacturers of stainless steel, revealed significant expansion and acquisition strategies aimed at enhancing its melting and downstream capacities, aspiring to rank among the largest stainless steel producers globally.
- April 2024: Shyam Metalics and Energy Ltd declared plans to invest Rs 650-750 crore in its stainless steel sector in the upcoming years. The firm announced it will set up a cutting-edge stainless steel hot rolled coils (HRC) facility at its current plant in Sambalpur, Odisha.
Product Description
SMO254, also known as 254 SMO or UNS S31254, is a high-alloy austenitic stainless steel with exceptional corrosion resistance and strength. It contains high levels of chromium, molybdenum, and nitrogen, which contribute to its superior resistance to pitting and crevice corrosion, particularly in chloride-rich environments. The typical composition includes approximately 20% chromium, 18% nickel, 6% molybdenum, and 0.20% nitrogen.
The manufacturing process of SMO254 involves several stages to ensure its high performance. Initially, the raw materials are melted together in an electric arc furnace. This molten mixture is then refined through argon oxygen decarburization (AOD) to remove impurities and achieve the desired chemical composition. The refined molten metal is cast into slabs or billets, which are subsequently hot-rolled and annealed to enhance their mechanical properties and grain structure. The final product may undergo further processes like cold working and surface finishing, depending on the intended application.
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | SMO254 |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, SMO254 Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
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| Customization Scope | The report can be customized as per the requirements of the customer |
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| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of SMO254 pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
- The study examines factors affecting SMO254 price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The SMO254 price charts ensure our clients remain at the forefront of the industry.
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