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European Steel Prices Plummet Amid Weak Demand; US Rises

7/3/2025

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Summary

Story summary

In June 2025, European hot-rolled coil prices declined by 10.2% to €575/t due to weak demand and competition.
US prices increased by 1.1% to $986.6/t, influenced by higher tariffs from the Trump administration despite low consumption.
China's prices fell by 1.6% to $475.5/t, affected by excess inventory and low demand, with no recovery anticipated in July.

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Story summary

In June 2025, European hot-rolled coil prices declined by 10.2% to €575/t due to weak demand and competition.
US prices increased by 1.1% to $986.6/t, influenced by higher tariffs from the Trump administration despite low consumption.
China's prices fell by 1.6% to $475.5/t, affected by excess inventory and low demand, with no recovery anticipated in July.