The cost of stainless steel products has risen by nearly 75%. Continental Europe may face a serious steel supply crisis
:  : Oct 28,2021
British construction projects may find themselves lacking key materials, including steel, after warnings that magnesium shortages across Europe may affect production.

Major European trade agencies have warned that since September last year, supply problems from China have meant that the European continent may face a serious shortage of magnesium. Magnesium is a key ingredient in the production of certain types of steel and many metal alloys.

Magnesium is a small amount of reagent in the production of high-quality structural steel.

According to data from the US Department of Business, Energy and Industrial Strategy (Department for Business, Energy and Industrial Strategy), the cost of stainless steel products has risen by nearly 75% in the 12 months from August 2020.

Due to the impact of China's production and power restrictions, since September 2021, the supply of magnesium from China has either stopped or decreased significantly. International supply contradictions are prominent. Industry organizations have stated that the scale of this crisis is unprecedented in history.

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