A distributor source told Fastmarkets that there was “no demand” in the market, adding that players are not looking to take risks until there is more clarity on new regulatory changes.
Meanwhile, a second distribution source said that consumption remains limited as players “await more clarity with CBAM”.
Northern Europe
Domestic prices for cold-rolled coil in Northern Europe rose slightly in the week to Wednesday, according to sources.
Estimations of workable levels were heard hovering €710-730 per tonne ex-works, compared to €700-720 per tonne ex-works during the previous week.
However, a deal was also reported at €710-720 per tonne ex-works.
Fastmarkets’ weekly price assessment for steel cold-rolled coil domestic, exw Northern Europe was €710-720 ($823-835) per tonne on Wednesday, narrowing upward from €700-720 per tonne a week earlier.
Meanwhile, domestic HDG prices were stable.
Estimations of workable levels were heard hovering €710-730 per tonne ex-works, the same as in the previous assessment period.
An offer was also reported at around €730-750 per tonne ex-works.
Fastmarkets’ weekly price assessment for steel hot-dipped galvanized coil domestic, exw Northern Europe was also €710-730 per tonne ex-works, unchanged week on week.
On the other hand, HDG and CRC import prices were also stable.
Fastmarkets’ weekly price assessment for steel cold-rolled coil import, cfr main port Northern Europe was €604-620 per tonne on Wednesday, unchanged week on week.
Fastmarkets’ weekly price assessment for steel hot-dipped galvanized coil import, cfr main port Northern Europe was also flat at €680-720 per tonne on Wednesday.
Southern Europe
Domestic CRC prices in Southern Europe increased in the week to Wednesday.
Estimations of workable levels were heard hovering €690-730 per tonne ex-works, compared to €690-720 per tonne heard in mid-November.
However, a deal was also reported at €710-720 per tonne ex-works.
Fastmarkets’ weekly price assessment for steel cold-rolled coil domestic, exw Southern Europe was €710-720 per tonne ex-works, narrowing upward from €690-720 per tonne in the previous week.
Meanwhile, domestic HDG prices also increased.
Estimates of workable levels were heard hovering €700-730 per tonne ex-works, compared with €695-720 per tonne in mid-November.
A deal was also reported at €730 per tonne ex-works.
Fastmarkets’ weekly price assessment for steel hot-dipped galvanized coil domestic, exw Southern Europe was €700-730 per tonne on Wednesday, rising from €695-720 per tonne in the previous week.
Meanwhile, CRC and HDG import prices were also stable.
Fastmarkets’ weekly price assessment for steel cold-rolled coil import, cfr main port Southern Europe was €600-620 per tonne on Wednesday, while the weekly price assessment for steel hot-dipped galvanized coil import, cfr main port Southern Europe was €670-700 per tonne on the same day, both unchanged week on week.
With the market seeking clarity with CBAM-related costs on imports, Fastmarkets has decided to launch a DDP import steel price assessment for flat steel products on Wednesday November 26.
The new DDP assessments for imported flat steel in Europe provides insight for market participants looking to navigate the trade landscape shaped by CBAM.
The assessments, which factor the effects of CBAM-related costs, aim to mirror how the spot market is likely to function from 2026 onward, reflecting underlying supply-and-demand dynamics. Therefore, CBAM certificate costs may not always be fully priced in or passed through in spot DDP transactions.
For this reason, the published prices do not incorporate any explicit, calculated CBAM certificate cost, which can change significantly across data submissions. Reasons for these changes include differences in brand and origin, the timing of customs clearance and applicable CBAM cost at that moment, and the share of carbon costs already covered in the country of origin.
Northern Europe
Fastmarkets’ weekly price assessment for steel cold-rolled coil import, ddp Northern Europe was €700-730 per tonne on Wednesday.
Offers were reported at around €700-730 per tonne DDP.
Fastmarkets’ weekly price assessment for steel hot-dipped galvanized coil import, ddp Northern Europe was €730-730 per tonne on Wednesday.
An offer was reported at €730 per tonne DDP.
Southern Europe
Fastmarkets’ weekly price assessment for steel cold-rolled coil import, ddp Southern Europe was €700-720 per tonne on Wednesday.
Estimations of workable levels were reported at €700-710 per tonne DDP.
An offer from South Korea was reported at €720 per tonne DDP.
Fastmarkets’ weekly price assessment for steel hot-dipped galvanized coil import, ddp Southern Europe was €720-730 per tonne on Wednesday.
Offers from Asia were reported at €720-730 per tonne DDP, with an offer from Vietnam reported at €720 per tonne DDP.
