European steel prices extended its rally in April, amid resilient automotive and heavy transport demand. EU steel prices averaged USD 917 per metric ton in April, which was up 7.8% from March’s price but was 37.9% lower than in the same month last year. On 28 April, European hot-rolled coil steel traded at USD 926 per metric ton, which was 1.2% higher than on the same day of the previous month.
Hot Rolled Coil Steel EUR (prices in US$/mt, aop)
|Q1 2021||Q2 2021||Q3 2021||Q4 2021||Q1 2022||Q2 2022||Q3 2022||Q4 2022|
|Hot Rolled Coil Steel EUR||-||1,212||1,351||1,131||1,154||1,240||788||655|