On Monday, November 10, the situation remained calm in the domestic European hot-rolled steel coil market, as buyers had not yet actively started ordering supplies for January, while December shipments were reported to be mostly sold out.
However, a customer source said that the plants may intentionally keep some December volumes in stock until January due to the expected price increases associated with the introduction of the EU Carbon Emissions Control Mechanism (CBAM) in January 2026.
Import regulation measures are currently considered the only factor driving up local prices, while actual demand leaves much to be desired.
In Northern Europe, January supply offers ranged from 620-650 euros ($716-751) per tonne from the factory, with the exception of a rolling company in the Benelux region, which offered a roll for January delivery at 600 euros per tonne from the factory.
Estimates of real prices at the level of 600-620 euros per ton from the plant were announced, but so far there have been few orders, and market sources report that the active phase will begin in a few weeks. This price is compared to 590 euros per ton at the last December shipment sales.
.The daily price index for hot-rolled steel in Fastmarkets, domestic, excluding exports to Northern Europe, was 610.00 euros (704.23 dollars) per ton on November 10, compared with 606.67 euros per ton on November 7.
The indicator increased by 8.75 euros per ton week-on-week and by 32.50 euros per ton month-on-month
.The situation was similar in Italy, and there were very few volumes left for December.
.A roll delivered in January was offered at a price of 615-620 euros per ton from the factory, while reasonable prices were close to 600 euros per ton from the factory. However, no orders for January were reported on November 10.
The latest sales figures for rolls delivered in December were published in the range of 580-590 euros per tonne from the factory.
The daily price index for hot-rolled steel from Fastmarkets, domestic, exw, Italy, calculated on Monday, was 596.25 euros per ton, 0.25 euros higher than 596.00 euros per ton on Friday.
The indicator increased by 1.25 euros per ton week-on-week and by 51.25 euros per ton month-on-month.
Fastmarkets.com
