Steel (Europe) prices averaged USD 686 per metric ton in June, down 5.5% from May. On 30 June, the commodity traded at USD 665 per metric ton, down 7.0% from 30 May.
Prices fell in June as Trump raised steel import tariffs to the U.S. from 25% to 50% in early June, redirecting stock to other markets, including Europe. Fierce competition from importers, paired with a buildup of inventories, tamed prices. Additionally, soft demand hampered prices further.
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 | - | - | 713 | 688 | 783 | 679 | 657 | 594 | 629 | 712 | - | - |