Steel (Europe) prices averaged USD 673 per metric ton in September, up 2.3% from August. On 30 September, the commodity traded at USD 672 per metric ton, up 0.3% from 29 August.
Prices rose for the second consecutive time in September. The rise was mainly driven by higher raw material costs. Moreover, in anticipation of the implementation of the Cross-Border Carbon Adjustment Mechanism (CBAM) from 1 January 2026, European producers are already hiking prices, which should push up steel prices ahead.
This chart displays Steel (Europe) (US$/mt) from 2023 to 2025.
Hot Rolled Coil Steel EUR (prices in US$/mt, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Hot Rolled Coil Steel EUR | - | - | - | 688 | 783 | 679 | 657 | 594 | 629 | 712 | 658 | - |