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On April 14, European hot-rolled coil (HRC) prices remained generally stable. While some transactions for second-quarter delivery took place at lower prices, most steel mills maintained higher price offers for the third quarter. JIS G 3313 SEFC590Y steel strip, Trading activity in the European HRC market was subdued that day. Sources indicated that high supply chain inventory levels were significantly constraining price increases.
In the German market, limited volumes for June delivery traded at €710–720/tonne ex-works (EXW). Local mills were largely sold out for the second quarter; offers for July delivery stood at approximately €750/tonne EXW, a price level generally considered unacceptable by buyers.
Meanwhile, an integrated steel mill in the Benelux region had no material available for June delivery due to technical issues, and its offer for July delivery was also set at €750/tonne EXW. Prior to this, tradable market prices had been concentrated in the €700–720/tonne EXW range.
Reflecting these conditions, the domestic hot-rolled coil (HRC) price for Northern Europe released on April 14 stood at €719.17/tonne EXW, a slight decline from the previous day's €720.00/tonne EXW; however, it rose by €0.92/tonne week-on-week and €5.60/tonne month-on-month. JIS G 3313 SEFC590Y steel strip, Following the index release, a major steel mill in the Benelux region concluded a large order of approximately 25,000 tonnes at around €680/tonne EXW for second-quarter delivery.
According to Mysteel, sluggish downstream demand has hindered price transmission, acting as a primary constraint. For instance, the price for 4mm S235 HRC in Germany remains at €770–780/tonne CPT, whereas the market considers a spread of €100–120/tonne to be reasonable. While some transactions have reached €800/tonne CPT, such deals are limited. Buyers have noted that the secondary market is struggling to keep pace with rising HRC prices, and significant volumes of low-priced imported material remain available.
In Southern Europe, the Italian domestic HRC ex-works price index released on April 14 was €698.75/tonne EXW, up €1.11/tonne from the previous day; this represents a week-on-week increase of €0.25/tonne and a month-on-month rise of €6.25/tonne. Tradable prices in the local market are currently around €690–700/tonne EXW.
Meanwhile, regional trading remains limited; buyers hold ample inventories and show little inclination to restock. In the secondary market, prices for 4mm S235 hot-rolled coils are gradually edging toward €800/tonne CPT, though limited transactions are still occurring in the €770–780/tonne CPT range. Sources at steel service centers (SSCs) indicate that plate prices would need to rise further to €820–850/tonne CPT to reflect the increased cost of upstream hot-rolled coils, yet end-users are showing significant resistance to such high prices.
Regarding imports, offers from overseas markets have been scarce recently due to rising logistics costs, the EU’s Carbon Border Adjustment Mechanism (CBAM), and trade policy uncertainties. On April 14, Turkish coil offers to Italy stood at €620–630/tonne CFR (inclusive of anti-dumping duties). JIS G 3313 SEFC590Y steel strip, Offers from Algeria were around €680/tonne CFR Spain—a price level local buyers deemed unacceptable—while offers from India were at €600/tonne CFR Italy.
Overall, the European hot-rolled coil market lacks upward price momentum due to the dual pressures of high inventories and weak demand; prices are likely to remain stable but range-bound in the short term.
