Is the tight band (phimosis) treatable?

Hey guys. I’ve had bxo for the last 6 months or so. I’ve mostly been dealing with paleness and burning on the glands, but I also have the notorious tight band on the foreskin. My skin have never cracked though, as I sense that’s pretty common for people with tight skin. My question is: is it at all possible to treat that band? I’ve been applying a medium strength steroid for about a month now, and there’s been absolutely no changes. Do you need to stretch it. And how so? Or is circumcision the only cure in that regard