The European longs steel market has remained largely stable in terms of prices this week, although sources have reported greater buying interest from end-users.
In the Italian rebar segment, mills’ price requests have remained stable in a range of €470-490/mt ex-works base (around €735-755/mt ex-works including regular extras), and producers are confident that these levels will hold. “Fortunately, our Italian customers understand that the increases are driven by our need to offset production costs, also because this is a situation we are all facing. Logistics costs are also weighing on the market,” one source stated.
Accordingly, incoming orders for Italian rebar producers are reported to be improving. Although some producers are planning to reduce or have already reduced production rates in October, the overall sentiment remains moderately optimistic.
However, other sources on the buyers’ side have stated that the average level in actual deals still stands at €460-465/mt ex-works base (€725-730/mt ex-works including regular extras), only reaching the lower end of producers’ requested range on limited occasions.
In the export segment, a source at an Italian mill stated that it has “fairly positive expectations” for the coming period, particularly regarding eastern European destinations, as the region is currently experiencing a shortage of material due to the inactivity of major Ukrainian plants affected by Russian attacks. Italian offers to eastern Europe have therefore been reported at €610-620/mt FCA, although this information has not been confirmed by the time of publication.
In the rest of Europe, prices are standing at significantly lower levels than in Italy. In Poland, for instance, rebar prices have been reported at €620-635/mt CPT, while drawing-quality wire rod prices stand at €675-690/mt delivered and mesh-quality wire rod prices are at €645-660/mt delivered. In Italy, the same prices have been reported at €675-685/mt delivered and €665-670/mt delivered, respectively.
According to one market participant, “The price gap between the Italian and German rebar markets is widening, as German suppliers are more reluctant to accept the requested increases.” According to the latest information obtained by SteelOrbis, German domestic rebar prices stand at €660-680/mt ex-works, while wire rod prices are estimated at the same levels as in the Polish market.
As for imports, offers from Turkey have been reported at €595-600/mt CFR for rebar and €600-610/mt CFR for wire rod, respectively down by €5/mt on the lower end of the range and stable week on week. In this scenario, the variation in the euro-dollar exchange rate – from 1.14 to 1.12 within one week – should also be taken into account. It should also be noted that, as of today, October 8, the EU import quotas for Turkish steel products for the final quarter of 2026 have been filled and exceeded for both rebar and wire rod (59,919 mt and 61,147 mt, respectively).
Author: SteelOrbis Editorial Team
