Steel (Europe) prices averaged USD 840 per metric ton in September, up 1.6% from August. On 30 September, the commodity traded at USD 840 per metric ton, unchanged from 31 August.
In September, EU steel prices rose for the 12th month out of the last 14. Prices are up around 13% year to date, aided by new EU import restrictions introduced on 1 July plus the rollout of the Carbon Border Adjustment Mechanism from early 2026, which has raised input costs and supported steel prices.
This chart displays Steel (Europe) (US$/mt) from 2024 to 2026.
Hot Rolled Coil Steel EUR (prices in US$/mt, aop)
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Hot Rolled Coil Steel EUR | - | - | - | 594 | 629 | 712 | 658 | 701 | 775 | 812 | 821 | - |