European steel prices decreased in May, on weaker manufacturing activity in the Eurozone. EU steel prices averaged USD 870 per metric ton in May, which was down 5.1% from April’s price and was 30.9% lower than in the same month last year. On 31 May, European hot-rolled coil steel traded at USD 820 per metric ton, which was 11.5% lower than on the same day of the previous month.
This chart displays Steel (Europe) (US$/mt) from 2021 to 2023.
Hot Rolled Coil Steel EUR (prices in US$/mt, aop)
| Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | |
|---|---|---|---|---|---|---|---|---|
| Hot Rolled Coil Steel EUR | - | 1,212 | 1,351 | 1,131 | 1,154 | 1,240 | 788 | 655 |