At the Wire+Tube trade fair in Düsseldorf, tube producers confirmed €50 hikes, while hot-rolled coil offers fluctuated between €700-730 per tonne, with no firm increases from mills.
Buyers noted tube price hikes were overdue, as tube prices had lagged behind recent coil increases. A separate mill group also announced €50 rises for sections and merchant bar outside the fair.
Some buyers expressed disappointment over the lack of clear coil price direction at the fair, with one construction buyer reporting a rebar offer of €480 per tonne, significantly above prevailing northwestern European levels.
Why are European tube prices rising while the much larger hot-rolled coil market stagnates?
Is the outlier €480/tonne rebar price a bold market-leading move or a strategic miscalculation?
How will conflict in the Middle East and high energy costs reshape Europe's steel prices this year?
With green steel premiums falling, can European mills still afford their costly eco-friendly transition?
Is the EU's new carbon border tax actually protecting steelmakers or just adding complexity?