Steel (Europe) Price OutlookEuropean steel lost some ground over the last month following two months of gains, due to mounting concerns over trade tensions and the decision by the Chinese authorities to allow several northern cities to set their own production targets over winter. Hot-rolled coil European steel traded at USD 644 per metric ton on 5 October. The price was down 1.5% from the same day in September but was 0.5% higher on a year-to-date basis. In addition, it was up 1.6% from the same day last year. Steel prices are forecast to remain broadly stable in the coming months, but are expected to lose ground next year as U.S. tariffs hit China’s industrial sector. FocusEconomics panelists see prices averaging USD 634 per metric ton in Q4 2018. Next year, prices are seen falling and averaging USD 573 per metric ton in Q4.
Steel Price History Data (USD per metric ton, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Steel (Europe) Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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