[SMM EU Weekly Review] New Policy Ignites EU Sector; Melt and Pour Traceability and Slab Outages Drive Full Realization

Published: Sep 4, 2026 16:04

Save

The EU flat steel market officially entered the "full realization phase" ignited by the resonance of policy and supply this week. The EU's brand-new import regime and "Melt and Pour" traceability new regulations officially took effect on September 1, compounded by court-ordered slab production suspensions at Italy’s ADI and Ferriera Valsider declaring force majeure, creating a dual shock of policy tightening and supply disruptions that instantly broke market defenses. Northwest European HRC quotes surged to 738 EUR/tonne EXW (857 USD/tonne EXW) during the week, while the Italian HRC index climbed synchronously to 733 EUR/tonne EXW (852 USD/tonne EXW). Mainstream mills aggressively raised ex-works prices by 20–30 EUR/tonne; a major Northern European service center locked in 500 tonnes of actual orders (October shipment) at 760 EUR/tonne DDP (883 USD/tonne). On the import front, Italian HRC CIF import prices jumped to 669 USD/tonne CIF, imported slabs climbed to 560 USD/tonne CFR, with Chinese origins transacted at 570 USD/tonne CFR, widening internal-external price spreads further to yearly highs. The long products segment maintained isolated softness amidst general resilience—Italian domestic rebar edged down 5 EUR to 690 EUR/tonne EXW (802 USD/tonne), and forward cost uncertainties stemming from the advance implementation of CBAM began to disrupt long-term contract pricing for 2027. Looking ahead to next week, the dual push of the new regulations and supply outages remains intact; the degree to which mills can sustain high quotes and generate volume will dictate the upward slope, keeping HRC strong.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 mins ago

[SMM Steel] UAE Rebar Prices Fall While Saudi Long Steel Offers Remain Largely Stable

[GCC] The UAE’s monthly rebar assessment fell by 4 USD/tonne to 783 USD/tonne EXW in September. Weak demand and buyer resistance prompted some mills to reduce offers to around 773-780 USD/tonne EXW. In Saudi Arabia, Hadeed maintained its 12-32 mm rebar offer at 747 USD/tonne CPT Riyadh, while raising its 5.5-6.5 mm wire rod offer by around 33 USD/tonne to 807 USD/tonne.

2 mins ago

5 mins ago

[SMM India Domestic Market Weekly Review] Domestic Steel Market Remains Mixed Amid Cautious Buying

India’s domestic steel market remained mixed during the week (Aug 31-Sep 4), with prices showing both upward and downward movements across semi-finished and finished steel. Overall, buyer activity remained cautious and need-based with demand staying moderate. Mandi Gobindgarh billet up by 1.05USD/tonne (100INR/tonne) to 492.14USD/tonne (46,500INR/tonne) delivered Mandi. Raipur billet down by 9.52USD/tonne (900INR/tonne) to 444.52USD/tonne (42,000INR/tonne) EXW Raipur. Rebar prices moved up by 5.29USD/tonne (500INR/tonne) to 530.24USD/tonne (50,100INR/tonne) EXW Mumbai. Durgapur rebar down by 10.58USD/tonne (1,000INR/tonne) to 478.38USD/tonne (45,200INR/tonne) EXW Durgapur. Mandi Ingot rose by 1.05USD/tonne (100INR/tonne) to 492.17USD/tonne (46,500INR/tonne) EXW Mandi. PDRI sponge iron prices up by 6.35USD/tonne (600INR/tonne) to 315.41USD/tonne (29,800INR/tonne) EXW Bellary. PDRI sponge iron prices down by 5.29USD/tonne (500INR/tonne) to 309.06USD/tonne (29,200INR/tonne) EXW Raipur. Melting scrap prices increased by 6.35USD/tonne (600INR/tonne) to 388.43USD/tonne (36,700INR/tonne) ex-yard Alang. 8Ani (12mm) unchanged at 445USD/tonne (42,100INR/tonne) ex-yard Alang. HMS 1&2 (80:20) rose by 1.05USD/tonne (100INR/tonne) to 401.13USD/tonne (37,900INR/tonne) delivered Mandi.

5 mins ago

6 mins ago

[SMM Malaysia Domestic Market Weekly Review] HRC Prices Edge Up While Long Steel Market Remains Stable

The Malaysian steel market remained cautious this week, with downstream buyers mainly purchasing on an as-needed basis. For flat steel, offers for locally produced S275JR HRC rose by MYR 20/tonne week on week to around MYR 2,150/tonne ($528/tonne) EXW. No significant price adjustments were reported in the CRC market, with previous offers for SPCC CRC remaining at around MYR 2,750/tonne. For long steel, mainstream transaction prices for B500B rebar held at approximately MYR 2,120/tonne delivered, while some mills continued to offer at the higher level of around MYR 2,200/tonne. C12D wire rod was assessed at approximately MYR 2,250/tonne delivered. Overall demand remained weak, with trading activity progressing slowly. HRC prices continued to recover slightly, while the rebar and wire rod markets remained broadly stable.

6 mins ago