“Although these levels have not yet been realised in current spot transactions for the remainder of 2025,” a buyer said.
Fastmarkets’ weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe was €590-620 ($685-719) per tonne on Thursday, unchanged week on week.
Transactions at €620-630 per tonne exw were reported in the week, but the data was received after the pricing session had ended and so were not included in Fastmarkets’ final assessment.
In Northern Europe, domestic commodity-grade steel plate prices narrowed down in the week to Thursday amid ongoing muted trade.
Fastmarkets’ weekly price assessment for steel domestic plate, 8-40mm, exw Northern Europe was €650-680 per tonne on Thursday, narrowing down by €10 per tonne from €650-690 per tonne a week earlier.
Steel plate was imported in Germany at about €700 per tonne delivered, sources said.
And some market participants said that sentiment had recently improved in anticipation that prices and demand will be bolstered by the EU’s Carbon Border Adjustment Mechanism (CBAM) and safeguarding reforms.
“Sentiment remains cautiously firm, with Northern European producers already signaling a €20 per tonne price increase for 2026 production, suggesting confidence in steady demand and tighter supply expectations going forward,” a source told Fastmarkets.
Activity remained limited in Northern Europe, however, amid ongoing weak demand in the region.
