[SMM Stainless Steel Market Flash] EU Mills Target €2,900/t CRC by End-Q3 as Buyers See No Near-Term Price Drop

Published: May 25, 2026 17:31

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European mills are targeting cold rolled coil prices of €2,900/t delivered by the end of the third quarter, with increases expected to accelerate once new trade measures take effect in July. Despite the difficult downstream environment, buyers generally do not expect prices to decline in the coming months. In Italy, processors are already resisting sheet sales below €2,790/t, while sheet prices across Europe are being pushed toward €2,900/t.

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