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The Voice of European Steel, Tubes and Metal Distribution representing all types of Steel Intermediation.
Site URL: eurometal.net
Feed URL: eurometal.net/feed
Posts: 46
Followers: 1
UK steel safeguard plans face industry backlash as July looms
Published: June 12, 2026 15:58
The UK steel market remains largely opposed to the sweeping new trade quota system; despite expectations it would lend significant support to domestic price levels. Speaking at the International Steel Trade Association networking event June 11, market…
EUROFER: EU ministers make progress but loopholes on circumvention, downstream and exports remain
Published: June 12, 2026 15:45
Eurofer has noted improvements made by EU ministers to the proposed reform of the Carbon Border Adjustment Mechanism (CBAM), but warns loopholes remain that could weaken both Europe’s climate ambitions and industrial competitiveness. Meeting today, the…
Romanian longs spot prices stable, but softer sentiment still persists
Published: June 12, 2026 09:09
The Romanian long steel spot market has remained largely stable this week, although the softer sentiment observed in recent weeks continues to weigh on trading activity. Market participants indicate that demand remains limited, with buyers continuing to…
Bulgarian longs prices weighed down by low demand, suppliers show greater flexibility
Published: June 12, 2026 09:07
The Bulgarian longs market has faced further pressure this week, as sluggish demand and ongoing liquidity constraints have continued to weigh on market sentiments. Market participants report that buyers have remained cautious, focusing primarily on…
Changes to quota system for UK steel imports expected amid industry backlash
Published: June 12, 2026 08:15
Alterations to the UK’s provisional steel import quota measures are highly likely ahead of the policy’s implementation on July 1, 2026, British steel association UK Steel said this week. In March, the UK government unveiled a sweeping support package for…
European long steel prices stable amid weak demand, low buyer appetite
Published: June 12, 2026 08:12
European domestic rebar prices remained steady in the week to Wednesday June 10, despite continued upward pressure from Italian mills amid weak demand and low buyer appetite. Market participants said that consumers remained in a wait-and-see mode, with no…
EU eyes additional restrictions on Russian metals
Published: June 12, 2026 06:51
The European Commission has proposed the 21st sanctions package against Russia, focusing primarily on energy revenues, the financial sector and sanctions-circumvention networks, while introducing new trade restrictions affecting certain metals, alloys and…
tk accelis: Thyssenkrupp Materials Services rebrands with new name
Published: June 12, 2026 06:51
Thyssenkrupp Materials Services, Germany’s largest steel distribution company, with locations elsewhere in Europe and in North America, has renamed itself tk accelis, effective immediately. “The new brand highlights the company’s transformation from a pure…
ATRACKSYST: ArcelorMittal Spain steel traceability project advances
Published: June 12, 2026 03:54
ArcelorMittal continues to make progress in the digital transformation of its industrial processes and in strengthening product quality control in Spain, Kallanish notes. The steelmaker’s so-called ATRACKSYST steel traceability project has completed the…
Kallanish Europe Steel Markets panel expects higher prices at year-end
Published: June 11, 2026 23:59
Participants in the closing panel discussion of Kallanish Europe Steel Markets in Vienna this week anticipated steel prices to pick up towards the end of the year. Their views however diverged on the degree of increase and what factors would play a crucial…
Green Cargo to manage raw material and steel transport for Stegra’s Boden steel plant
Published: June 11, 2026 09:02
Swedish green steel producer Stegra has announced a new logistics partnership with state-owned rail freight operator Green Cargo to support transportation requirements for its upcoming steel plant in Boden. Under the agreement, Green Cargo will manage the…
Salzgitter secures first major green hydrogen supply contract for SALCOS® decarbonization project
Published: June 11, 2026 08:59
German energy company EWE and Salzgitter Flachstahl GmbH, a subsidiary of German steelmaker Salzgitter AG, have announced that they signed a long-term agreement covering the annual supply of 10,000 mt of green hydrogen, marking a significant step forward…
EU quota usage exceeds 85% in multiple steel categories
Published: June 11, 2026 08:46
At the EU quota period between April 1 and June 30 some of the import quotas for certain steel products allocated for Vietnam, Turkey, South Korea, India, Taiwan and China have been exhausted, while over 85 percent of quotas for some steel products have…
High stocks, uncertainty over safeguards keeps European steel HRC market quiet
Published: June 11, 2026 07:47
The European domestic market for steel hot-rolled coil (HRC) remained quiet on Tuesday June 9, with buyers postponing new deals because of high stocks and uncertainty over the details of the upcoming new safeguard regulations, particularly in regard to…
Northern Europe domestic HRC prices slip amid weak demand; Italian market up on latest offers
Published: June 11, 2026 07:43
Prices for domestic steel hot-rolled coil (HRC) decreased slightly amid slow market activity in Northern Europe, while prices in Italy increased on the latest offers, sources told Fastmarkets on Wednesday June 10. In Northern Europe, a buyer source…
European domestic steel CRC, HDG prices stable, import sector quiet
Published: June 11, 2026 07:42
European domestic prices for steel cold-rolled coil (CRC) and hot-dipped galvanized coil (HDG) were largely stable in the week to Wednesday June 10, although the import markets for these products were extremely quiet because sector participants were…
European steel industry attracts new investment
Published: June 11, 2026 06:50
Despite Europe’s steel industry remaining beset by demand destruction and high energy prices, recent policy measures have made the region more attractive for investment, panellists said at the Kallanish Europe Steel Markets 2026 in Vienna. GMK Center chief…
WV Stahl: A permanent reduction in electricity prices is essential
Published: June 10, 2026 15:18
The European Union has allowed Germany to provide additional support to its industrial companies regarding electricity prices under the Temporary State Aid Framework related to the Middle East crisis. With the new regulation, the parallel application of…
Confindustria calls for pragmatic EU ETS reform to protect industrial competitiveness
Published: June 10, 2026 07:48
Antonio Gozzi, special advisor for European strategic autonomy, competitiveness and the Mattei Plan at Confindustria, the main association representing manufacturing and service companies in Italy, has once again drawn attention to the need for a revision…
Assofermet Acciai: Prices in Italy set to rise in summer due to new safeguards
Published: June 10, 2026 07:47
According to the latest monthly market report issued by Assofermet, the association representing Italian companies active in the trading, distribution and processing of steel, the Italian steel market is currently dealing with a persistent weakness in…
Bureaucracy, regulation bring value, protection for steel
Published: June 10, 2026 06:50
The growing amount of regulation and bureaucracy brings value and protection for the European steel sector, panellists said during the Kallanish Europe Steel Markets conference in Vienna on Tuesday. Jaap Jan Aardenburg, head of trade affairs at Tata Steel…
Magona gets closer to resuming activities
Published: June 9, 2026 11:32
The sale of Italian service centre Magona in Piombino, Tuscany, is progressing, sources close to the matter tell Kallanish. At a meeting between the authorities, unions and Trasteel chief executive Gianfranco Imperato, the company “gave very positive…
EU steel trade regime enacted into law
Published: June 9, 2026 11:31
The European Council has formally adopted the EU’s new steel trade defence framework, which will apply from 1 July and replace the current steel safeguard measure. This aims to protect the bloc’s steel industry from persistent global overcapacity,…
Downstream uncertainty hits Italian distribution
Published: June 9, 2026 11:27
Both the long and flat steel product sectors are stagnating in Italy, with tube prices edging lower while sheet prices are holding stable, Kallanish notes. The first quarter was distorted by some restocking among distributors due to rising prices linked to…
Polish rebar prices decline due to slow holiday market; wire rod stable
Published: June 9, 2026 08:19
Polish domestic rebar prices declined in the week to Friday June 5, while wire rod prices remained stable amid weak demand due to bank holidays and high prices. “The week to June 5 was very slow because 80% of companies are closed on Friday due to the bank…
European HRC prices rise slightly; weak demand keeps market subdued
Published: June 9, 2026 08:16
European prices for steel hot-rolled coil increased slightly on Monday June 8, but market activity remained slow in both Northern Europe and Italy, with sentiment weighed down by upcoming safeguard measures set to come into force on July 1, sources told…
Italian plate prices stabilise amid quiet market
Published: June 9, 2026 08:14
Italian heavy plate prices are stable compared to May with uncertain demand and a slow market, Kallanish hears. Producers, however, are confident that prices will continue to increase in the coming months, particularly when the new trade measures are…
France Hydrogène seeks automotive green steel rules
Published: June 9, 2026 08:09
Industry association France Hydrogène is recommending that green steel used in the European automotive sector be defined as produced from direct reduced iron (DRI) using a high share of renewable or low-carbon hydrogen, with strict emissions thresholds…
German Steel Federation welcomes EU’s new safeguard quota measures
Published: June 8, 2026 14:38
With the decision expected to be approved today by the Council of the European Union, the way has been opened for a new trade protection instrument in the steel sector. The German Steel Federation (WV Stahl) has clearly welcomed the decision. The…
Worthington Steel completes acquisition of majority stake in Klöckner & Co
Published: June 8, 2026 07:50
US-based steelmaker Worthington Steel, Inc. has announced the successful completion of its voluntary public takeover offer for Germany-based steel distributor and metals processing company Klöckner & Co SE. Following the satisfaction of all closing…
EU HRC buyers focus on local trade, interest in imports only sporadic due to risks
Published: June 8, 2026 07:45
The business activity in the European HRC market remains mainly focused on the domestic segment where trade has been at moderate levels. In Italy some lower bids have been seen for August production, in line with the talk in the market regarding…
European longs markets mostly stable amid first signs of weakness
Published: June 8, 2026 07:43
The European longs market has remained mostly stable this week, due to the absence of many market players because of holidays in several European countries. Republic Day (June 2) in Italy has pushed many players out of the market for a long weekend, and…
European stainless steel sheet prices rise amid surging June surcharges, extended lead times
Published: June 8, 2026 07:35
Transaction prices for stainless steel cold-rolled sheet in Northern Europe have moved upward in June, driven by reduced import availability and strong domestic mill pricing power, trade sources told Fastmarkets during the week to Friday June 5.…
European green flat steel spot trading thin, though some sellers secure premiums
Published: June 8, 2026 07:33
European green flat steel spot trading remained thin during the week to Thursday June 4, although some sellers were able to secure higher premiums in isolated transactions, sources told Fastmarkets. Fastmarkets defines green steel as material with combined…
France’s steel product trade value declines in Q1 2026
Published: June 8, 2026 06:16
According to statistics released by the French Ministry of Economy, Finance and Industry, France’s trade in basic steel products and ferroalloys recorded a slight decline in value during the first quarter of 2026, with both imports and exports falling…
Assofermet calls for downstream protection alongside safeguards
Published: June 8, 2026 06:04
Italian steel trade association Assofermet is calling for a significant simplification of European bureaucracy and urges the EU to immediately accompany CBAM, melt and pour rules and new safeguard regulations, with tools to preserve the competitiveness and…
IREPAS Short Range Outlook : June 2026
Published: June 5, 2026 16:02
Relatively stable business environment in global longs market, regional differences more pronounced than ever The overall business environment in the global long steel products market remains relatively stable. However, regional differences have become…
Steel tariff boosts US industry, raises costs for end-users
Published: June 5, 2026 10:31
The 50% tariff that the US imposed on steel and aluminum imports in June 2025 has scrambled trade flows, driven up prices and inspired some new investment. This is part one of a three-part series examining the effects one year later. When US President…
Tata Steel’s Port Talbot site hit by processing‑line fire
Published: June 5, 2026 10:19
Tata Steel said in a statement on June 4 that a fire broke out on the evening of June 3 in one of its processing lines at the Port Talbot steelworks. The company said the incident is not related to the recent demolition of its empty, redundant gas holder.…
OECD: Global steel excess capacity set to reach 745 million mt by 2028
Published: June 5, 2026 10:16
Global steel excess capacity is projected to surge to 745 million metric tons by 2028, worsening an overcapacity crisis that threatens the viability of market-oriented producers worldwide, according to the OECD Steel Outlook 2026, released June 4. The…
EU steel exports to US down 34% one year after Trump’s 50% tariffs
Published: June 5, 2026 07:28
European steel exports to the US have declined by one-third since the introduction of the US administration’s 50 percent steel tariffs, according to new data released by the European Steel Association (EUROFER). The association reported that EU steel…
Romanian longs spot prices ease as slow trade prompts market correction
Published: June 5, 2026 07:24
The Romanian long steel spot market has moved slightly lower this week, with traders gradually reducing prices after the sharp increases recorded in recent weeks. Market participants indicate that overall demand remains subdued, despite ongoing activity…
Bulgarian rebar prices soften amid financial uncertainty, wire rod remains resilient
Published: June 5, 2026 07:22
The Bulgarian longs market has shown mixed trends this week, with weaker domestic demand weighing on rebar prices, while wire rod values have remained relatively firm. Market participants report that business activities have slowed amid growing financial…
European steel heavy plate prices dipin Italy; Northern Europe stable on slow demand
Published: June 5, 2026 07:19
Domestic steel heavy plate prices decreased in Italy in the week to Thursday June 4, reflecting weak demand for summer deliveries, while prices in Northern Europe remained stable amid slow trading, Fastmarkets was told. Italy Deals for steel heavy plate in…
Worldstainless appoints Acerinox’s Velázquez as new chairman
Published: June 5, 2026 07:14
The World Stainless Association (worldstainless) has elected Bernardo Velázquez, executive of the Acerinox Group, as its new chairman during the organisation’s 30th annual conference in Johannesburg, South Africa, Kallanish notes. Yosuke Sakai, the…
Padana Tubi creates business units following acquisition
Published: June 5, 2026 07:12
Italian re-roller Padana Tubi is creating two dedicated business units to strengthen its commercial operations. The new stainless steel business unit will be led by Luca Cavallari, while the carbon steel division will be jointly managed by Giorgia Benetti…