The European steel market is currently going through a difficult period. High inventories, limited demand and possible new trade restrictions are weighing on prices and overall market dynamics. Nevertheless, in January 2025, hot rolled coil (HRC) prices in Northwest Europe rose to €580/t and are expected to rise further to €640/t in the second quarter.
More Steel News
US metal buyers likely to turn to Mideast, Chile as tariffs bite
United States   February 03,2025 06:00 AM
U.S. companies will look to the Middle East and India for more aluminium and to Chile and Peru for copper as they seek to…
Canada, Mexico steelmakers refuse new US orders
United States   January 27,2025 06:00 AM
Some steelmakers in Canada and Mexico are telling customers that they are refusing new orders to the US on concerns that…
North America Steel: Lessons from Trump 1.0, Expectations for Trump 2.0
United States   January 20,2025 07:00 AM
The U.S. steel industry is currently supported by a two-pronged tariff system. Antidumping and Countervailing Duties (AD/CVD)…
EU to propose ban on Russian aluminium imports in new sanctions package, EU diplomats say
United States   January 15,2025 08:00 AM
The European Commission intends to propose a ban on imports of Russian primary aluminium in its 16th package of sanctions…
Cleveland-Cliffs teams up with Nucor in potential US Steel bid
United States   January 13,2025 08:00 AM
Cleveland-Cliffs (NYSE: CLF) is reportedly collaborating with its rival Nucor (NYSE: NUE) on a potential bid to acquire…
China exports push Nippon Steel to seek growth in US, India after blocked deal
United States   January 07,2025 08:00 AM
Nippon Steel (5401.T), opens new tab is poised to expand its operations in the U.S. and India as it hunts for growth and…
Nippon Steel offers US government veto power in bid for US Steel approval, source says
United States   January 01,2025 06:00 AM
Japan's Nippon Steel has proposed giving the U.S. government veto power over any potential cuts to U.S. Steel's production…
China to cut import tariffs on some recycled copper and aluminium raw materials
United States   December 30,2024 06:00 AM
China will reduce import tariffs on ethane and certain recycled copper and aluminium raw materials from next year, the government…
Iron ore and scrap prices in 2025: in search of parity
United States   December 26,2024 05:00 AM
Amid weakness of the economies of Turkey and the EU, the state of the market will increasingly depend on the actions of…
Cleveland-Cliffs raises prices for hot-rolled steel up to $800/t
United States   December 17,2024 08:00 AM
American steel company, Cleveland-Cliffs, has announced an increase in prices for hot rolled steel (HRC) to $800 per short…
CUSTOMER SERVICE
Customer Support: support@scrapprices.com
Sales Department: info@scrapprices.com
By Phone: 1-954-688-3088
  • © Scrap Monster Inc. 2025. All rights reserved.