According to the latest RESOUREX® Review & Outlook (October 2025), Europe’s steel market is showing early signs of stabilization after a turbulent year. Trading activity has picked up slightly, with RX® metrics returning to the 120–170 range — a sign that the market has regained some rhythm, though confidence remains fragile.
Production across Europe remains subdued, with German steel output still down around 3% year-on-year, reflecting the combined pressures of high energy and CO₂ costs and persistent logistical constraints. Many producers are keeping a defensive stance, prioritising efficiency and flexibility over volume to navigate narrow margins.
Meanwhile, policy developments are reshaping the global steel landscape. The European Union is considering tighter import safeguards, while the United States has doubled steel tariffs to 50%, prompting shifts in trade flows and renewed scrutiny of cross-border steel movements. In Europe, several large mills are reassessing their “green steel” investment timelines as high hydrogen costs challenge economic viability.
Despite these headwinds, spot prices are stabilising and buyer activity is cautiously returning. The overall tone for October is one of measured optimism, with hopes pinned on stronger demand from the automotive and construction sectors in the fourth quarter.
RESOUREX® also highlights the growing role of digitalisation in steel trading and supply chains. As automation, real-time data, and AI-based trading platforms gain traction, the sector is seeing new efficiencies and transparency — vital tools for navigating volatile markets and supporting sustainability goals.
The company will present its latest digital trading innovations at Blechexpo 2025 (Stuttgart, 21–24 October, Hall 10, Stand 10201), showcasing how technology is reshaping the future of metals trading.
