The global Hastelloy market is experiencing a stability, with prices holding steady in the United States and Germany, while rising modestly in China due to varying supply and demand dynamics.

US Hastelloy prices remain stable during the month. Supply side issues are apparent with raw steel production falling by early March 2025. The renewal of a 25% tariff on all steel imports, including derivative products, has constricted supply chains, cut foreign competition, and given domestic mills more pricing power to the detriment of supply availability. On the demand side for Hastelloy, the automotive industry still grapples, in February 2025 U.S. auto sales dropping year-over-year, under pressure from tariff-imposed and production cost issues. In addition, the big automakers such as Ford and Stellantis are pulling back on buying strategies to curb possible cost inflation. Furthermore, the metallurgical industry experiences declining shipments, with Metallus experiencing a big year-over-year decline in overall shipments. Despite these pressures, prices of Hastelloy have held firm in the market as there is low supply and low demand.

Prices of Hastelloy in Germany stay flat, driven by supply disruption and softening demand. The supply side has been tight with a fire at Salzgitter Flachstahl causing disturbance in the production of 1.8 million tonnes of coils per year. Additionally, emergency repairs at the rolling mill have caused lower operating capacity, also tightening supply. Moreover, the sale of Stahlwerk Bous by GMH Gruppe is a result of continued strategic realignments in the sector to consolidate mainstay operations. On the demand side for Hastelloy, sectors such as automotive and construction, which are pivotal, are recording declines. In February 2025, there was a sharp decline in the sales of passenger cars, as consumer confidence weakened. Furthermore, the construction sector is also hit, with the activity declining owing to high-interest rates and conservative customer behavior. As a result, low supply and low demand levels have been responsible for the prevailing price stability within the market.

The Chinese Hastelloy prices rise by 1% due to tightening supply and rising demand. Inventory levels for China's five key steel products also declined, representing a significant year-on-year drop, as reduced stockpiling and a production reduction dampened availability. This strategic move is in line with government policies aimed at lowering carbon emissions. At the same time, Donghua Iron & Steel's investment in two new electric arc furnaces (EAF) at the Tangshan plant marks a step towards energy-efficient, low-emission manufacturing. On the demand side for Hastelloy, local manufacturing is robust, as passenger vehicle sales in February, reporting steady growth. Besides, the boom in new energy vehicle sales also supports consumption. Consequently, all these factors combine to drive up the prices of Hastelloy.

According to ChemAnalyst, prices of Hastelloy in the US, and Germany remain stable. Meanwhile, in China prices for Hastelloy may increase due to decrease in supply levels and strong purchasing activity.