In 2026, the stainless steel market will be in a narrow range oscillation pattern of "strong cost, weak demand". The quota for Indonesian nickel ore on the raw material side will be significantly reduced, and the prices of auxiliary materials such as nickel iron will remain high and firm. In addition, factors such as the delay in the Federal Reserve's interest rate cuts at the macro level will limit the price range, which will bring direct cost pressure to manufacturers of vertical multi-stage long shaft submersible turbine pumps with stainless steel as the core material.