[SMM Steel] Tight Supply and Demand Push Up Italian Quotes; European HRC Market Holds Firm Ahead of Summer Break

Published: Jul 30, 2026 17:49

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[Italy] European hot-rolled coil (HRC) prices moved higher this week due to a shortage of procurement options in both domestic and import markets, with Italy leading the gains as offers rose 10 USD/tonne to 820 USD/tonne EXW. Ahead of the August summer holidays, some European steelmakers chose to withdraw their offers. Meanwhile, downstream acceptance of high-priced material remains limited and pre-holiday procurement has largely concluded, causing overall trading to ground to a halt. On the import front, Italian buyers recently secured small volumes of Turkish material at 640 USD/tonne CIF, while Indian HRC offers held steady at 630–640 USD/tonne CFR.

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