Steel (Europe) Prices

Steel (Europe) prices averaged USD 645 per metric ton in July, down 6.1% from June. On 31 July, the commodity traded at USD 635 per metric ton, down 4.5% from 30 June.

Prices fell in July due to muted demand, partly as the Cross-Border Carbon Adjustment Mechanism (CBAM) is set to come into effect in early 2026. Uncertainty over the expected duties and import quotas under revised EU safeguard measures deterred buyers from entering into long-term deals, thus denting prices.