Steel (Europe) prices averaged USD 584 per metric ton in December, down 2.1% from November. On 31 December, the commodity traded at USD 582 per metric ton, up 0.3% from 29 November.
Prices eased in December, dented by a sustained malaise in Europe’s industrial sector. Survey data indicates that Eurozone construction and manufacturing activity shrank markedly in the last month of the year, with heavyweights Germany and France remaining the main laggards.
This chart displays Steel (Europe) (US$/mt) from 2023 to 2024.
Hot Rolled Coil Steel EUR (prices in US$/mt, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| Hot Rolled Coil Steel EUR | 793 | 853 | 713 | 688 | 783 | 679 | 657 | 594 |