European CRC and HDG prices have been largely stable this week, with northern European and Italian mills continuing to push for high January-February delivery levels. Import activity has nearly ground to a halt, as most buyers are unwilling to take risks ahead of the new CBAM rules coming into force in January 2026.
Specifically, in the domestic CRC market, most mills in Italy and northern Europe have continued to target €730/mt ex-works and €730-750/mt ex-works, respectively, mainly the same as two weeks ago. Meanwhile, the tradable prices have been estimated at €690-710/mt ex-works levels in Italy and at around €700/mt ex-works in northern Europe, which means prices have increased by around €10/mt on the higher end of the range over the past two weeks.
In the import segment, offers for CRC have settled at €600-620/mt CFR, depending on the supplier, down by €10/mt in the higher end of the range week on week, though a number of offers for ex-Turkey CRC have been reported at as low as €580/mt CFR. Besides, according to sources, a deal for ex-Brazil CRC has been signed at €604-605/mt CFR northern Europe this week.
In the HDG segment, domestic tradable prices both in Italy and in the north of Europe have remained at €700-720/mt ex-works, though mills have been targeting HDG offers for January delivery as high as €750/mt ex-works.
In the import segment, trade has remained limited, with offers for ex-Asia HDG Z100-120 voiced at €670-730/mt CFR, depending on the supplier, down by €10/mt week on week.
