European steel prices decreased in May, on weaker manufacturing activity in the Eurozone. EU steel prices averaged USD 870 per metric ton in May, which was down 5.1% from April’s price and was 30.9% lower than in the same month last year. On 31 May, European hot-rolled coil steel traded at USD 820 per metric ton, which was 11.5% lower than on the same day of the previous month.
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||-||1,212||1,351||1,131||1,154||1,240||788||655|