Since last week, price increases in the European steel market have persisted. Rebar prices in Germany are reported at €580–585/t EXW, with CPT levels around €610/t. In Italy, prices are trading in the €575–585/t range, while Spain and Portugal are reported at €640–660/t CPT. In Poland, CPT prices have moved beyond the €585/t levels seen in recent months, reaching €610–615/t. Market participants indicate that import offers and the impact of CBAM regulations have been key drivers behind these increases.
Wire rod prices are fluctuating between €590–610/t CPT in Germany and Italy, while in Poland prices have risen from €615–620/t to the €645–650/t range. Commercial sections in Italy are trading at €680–690/t, and H-beam sections have begun to change hands at €750–755/t.
HRC prices are being offered at €640–650/t EXW in Germany and Spain, while levels around €630/t have been recorded in Italy. In the Polish flat steel market, black sheets are being offered at €700–725/t CPT and CRS at €855–890/t CPT for February–March shipments.
Against this backdrop, market sources indicate that a 300,000-ton HRC sale from Türkiye to Europe is being planned for the second quarter of 2026. The agreement reportedly envisages monthly shipments of around 30,000 tons, with Trasteel mentioned among potential buyers. In addition, it has been reported that two producers based in İzmir and İskenderun sought to increase their sales to the European market during December and January.
In the galvanized steel segment, prices in Germany and Italy are hovering around €740–760/t EXW, while Spain is reported at €740–750/t, confirming the ongoing upward price trend in HDG. Although import offers continue to push HDG prices higher, these increases in domestic markets have not yet been met with a concrete response from the demand side. Türkiye’s 6% growth in galvanized and pre-painted steel exports during the first 11 months of 2025 highlights Europe’s continued strategic importance as a key export destination. Approximately 60% of total exports in this segment were directed to the European market during this period.
Overall, while price increases in Europe have yet to be validated by strong demand fundamentals, the growing impact of large-volume shipment plans originating from Türkiye is expected to become more pronounced. This dynamic is bringing supply-side developments to the forefront and may lead to Türkiye playing a more decisive role in price formation across the European steel market in the period ahead.
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