Steel (Europe) prices averaged USD 787 per metric ton in June, down 3.8% from May. On 30 June, the commodity traded at USD 780 per metric ton, down 2.5% from 29 May.
In June, EU steel prices fell for the second consecutive month. High energy prices and June’s ECB rate hike darkened the demand outlook. Moreover, the euro area manufacturing PMI fell in June. Still, prices are up 6% year to date, due to the introduction of the Carbon Border Adjustment Mechanism (CBAM) at the start of the year.
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 | - | - |