Steel (Europe) prices averaged USD 677 per metric ton in March, up 8.5% from February. On 31 March, the commodity traded at USD 690 per metric ton, up 8.7% from 28 February.
Prices extended their gains in March ahead of upcoming import curbs in the EU; in late March, the EU announced it would reduce import quotas from April onwards. These restrictions aim to prevent a surge in steel supply diverted from the U.S. Moreover, March survey data indicates that Eurozone factory output rose for the first time in two years.
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 | - | 853 | 713 | 688 | 783 | 679 | 657 | 594 | 629 | - | - | - |