Steel (Europe) prices averaged USD 597 per metric ton in November, down 0.7% from October. On 29 November, the commodity traded at USD 580 per metric ton, down 4.3% from 31 October.
Prices fell in November, as the European industrial sector remained in the doldrums. Survey data revealed that Eurozone manufacturing activity remained markedly downbeat in November, with heavyweights Germany and France faring the worst.
This chart displays Steel (Europe) (US$/mt) from 2022 to 2024.
Hot Rolled Coil Steel EUR (prices in US$/mt, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| Hot Rolled Coil Steel EUR | 793 | 853 | 713 | 688 | 783 | 679 | 657 | - |