In Northern Europe, prices are moving within a narrow range. In Germany, hot-rolled coil prices stand at €620–630/ton ex-works, while cold-rolled coil is assessed at €725/ton ex-works and hot-dip galvanized coil at €735–740/ton ex-works. Plate prices are trading in the €700–705/ton ex-works range, with rebar transacting at around €605/ton CPT. Over recent days, limited upward adjustments of approximately €5/ton have been implemented across these product segments.
A similar picture is emerging in Italy, where trading activity remains subdued and prices are largely unchanged. Hot-rolled coil is trading at €615-625/ton ex-works, cold-rolled coil at €720–725/ton ex-works, and galvanized coil at €725–730/ton ex-works. Plate prices are holding at around €670/ton ex-works, while rebar is assessed in the €560–600/ton ex-works range.
On the import side, hot-rolled coil offered into the European market has not moved below €620/ton DDP. Trading activity remained limited as the market continues to adjust following the holiday period.
Trading practices are also shifting. Traders are increasingly offering material on a DDP or CBAM-duty-paid basis, effectively assuming the carbon cost risk themselves. However, these cost levels have not yet translated into strong buying interest from European distributors.
Overall, the European steel market remains in a transitional phase, with prices yet to enter a sustained upward trend. While producers are intensifying upward price efforts for March shipments, the durability of these moves will depend on a tangible recovery in demand, which is expected to become clearer in the coming weeks.
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