European hot-rolled coil prices have fallen to €540–550 per ton, with import prices dipping below €500 per ton, creating new buying opportunities for steel purchasers across the region. This price adjustment reflects a combination of market oversupply and shifting trade dynamics.
At the same time, uncertainty surrounding the European Union’s Carbon Border Adjustment Mechanism (CBAM) has introduced ambiguity around carbon cost benchmarks. This could soon advantage domestic steel producers over importers, reshaping competitive dynamics within the steel industry.
In a major sustainability move, Tata Steel has launched a £1.25 billion project at its Port Talbot plant to replace traditional blast furnaces with an electric arc furnace, signaling a commitment to cleaner, more energy-efficient steelmaking technologies.
