Steel (Europe) prices averaged USD 658 per metric ton in August, up 2.0% from July. On 29 August, the commodity traded at USD 670 per metric ton, up 5.5% from 31 July.
Prices rose in August on a healthier demand backdrop. Survey data for the Euro area revealed that August’s manufacturing output growth was the fastest in 41 months. Meanwhile, the EU recently confirmed that the Cross-Border Carbon Adjustment Mechanism (CBAM) will come into effect in early 2026, dispelling rumors of a delay.
This chart displays Steel (Europe) (US$/mt) from 2023 to 2025.
Hot Rolled Coil Steel EUR (prices in US$/mt, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Hot Rolled Coil Steel EUR | - | - | 713 | 688 | 783 | 679 | 657 | 594 | 629 | 712 | - | - |