In the period from July to August, the Italian steel market saw a partial recovery in purchase prices, which, although timidly, revived the interest of operators. However, according to the latest monthly report from Assofermet Acciai, updated as of September 11, the sector is facing serious difficulties due to the increased cost of rolls for end users amid continued weak demand and widespread uncertainty.
The September forecast shows significant continuity with previous months, further compounded by growing concerns about CBAM. Imports carried out during 2026 will be subject to the purchase of certificates starting in February 2027. However, the European Commission has not yet disclosed the calculation base needed to estimate the actual costs.
Additional uncertainty is related to US tariffs on steel and aluminum, which could redirect volumes from the Far East to Europe, exacerbating the oversupply in the domestic market. In this context, ahead of the entry into force of the new regulation, which will replace the current protective measure in June 2026, Assofermet has already submitted several key provisions to the European Commission for consideration at the drafting stage.
July ended with a decline in volumes, while prices remained at their lowest level, while the first week of September showed no signs of recovery: demand remains below expectations, and consumer activity is limited, including due to high inventory levels and very short production times.
In July, relative stability was observed with respect to flat rolled stainless steel products with minor percentage fluctuations, while in August, some types of products, especially in the production of cold-drawn pipes, attempted moderate growth sufficient to maintain revenues. The construction sector remains more vulnerable, with rebar, welded wire mesh and related products continuing to show signs of weakness.
In the distribution segment in July, there was a trend similar to last year's: stable prices allowed us to assess the main direction of market development without sudden fluctuations, while in August attempts were made to raise prices in some categories. September began with a cautious improvement in the situation, with moderately high volumes and a slight increase in prices in some segments, although volatility in demand for processing remains evident.
According to Assofermet, the coming weeks will be crucial in shaping the trend for the final part of the year. Demand dynamics in key end-use sectors such as construction and automotive,
