Steel (Europe) prices averaged USD 796 per metric ton in July, up 1.2% from June. On 31 July, the commodity traded at USD 815 per metric ton, up 4.5% from 30 June.
In July, EU steel prices rebounded as improving manufacturing activity in the euro area lifted demand, while new import restrictions introduced on 1 July provided additional support. Prices are now up almost 11% since the start of the year, driven in part by the rollout of the Carbon Border Adjustment Mechanism (CBAM).
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 | - | - | 657 | 594 | 629 | 712 | 658 | 701 | 775 | 812 | - | - |