European domestic prices for steel hot-rolled coil were mostly unchanged on Wednesday November 12, with uncertainties persisting around new trade regulations and muted demand keeping prices stable, trade sources told Fastmarkets.
According to a distributor source, demand was “terribly low” while as the market prepared for new trade regulations, including the EU’s Carbon Border Adjustment Mechanism (CBAM), set to come into effect on January 1, 2026.
The source also said that new regulations have become the key drivers of price growth in the market, with real demand remaining subdued.
In Northern Europe, estimates of workable prices were heard at €600-620 ($694-717) per tonne ex-works.
Fastmarkets’ daily steel hot-rolled coil index, domestic, exw Northern Europe, was €611.67 per tonne on November 12, up slightly from €610.88 per tonne on Tuesday.
The index was up by €11.67 per tonne week on week and by €34.17 per tonne month on month.
Meanwhile, HRC prices in Italy dropped slightly on Wednesday.
Some estimates of workable prices for January deliveries were heard at €600-620 per tonne ex-works on Wednesday.
More recent levels for December-delivery coils were heard in the range of €580-600 per tonne ex-works.
Fastmarkets’ daily steel hot-rolled coil index, domestic, exw Italy, was calculated at €597.92 per tonne on Wednesday, down slightly from €598.75 per tonne on November 11.
The index was up by €3.75 per tonne week on week and by €52.92 per tonne month on month.
