European steel prices declined in August, amid weak manufacturing and construction activity in the Eurozone. EU steel prices averaged USD 712 per metric ton in August, 3.5% lower than July’s price and down 9.2% year on year. On 31 August, European hot-rolled coil steel traded at USD 718 per metric ton, down 1.6% month on 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 | - | - | 1,351 | 1,131 | 1,154 | 1,240 | 788 | 655 |