Posted on 06 Nov 2025
Italian hot rolled coil prices remain largely stable week-on-week, with European producers now quoting January delivery at around €650/tonne ($756/t) base delivered, leaving small room for negotiation.
One northern European mill is reportedly targeting €700/t base delivered for first-quarter shipments, a level that most market participants consider unrealistic given the current demand outlook and competitive market dynamics.
A tightening supply situation is driving up cold rolled coil and hot-dipped galvanized coil prices in Italy, sources tell Kallanish. One Italian steelmaker has halted CRC production this year, and the recent fire at Marcegaglia’s Ravenna plant, which affected one of its three cold rolling mills, is expected to add further upward pressure (see Kallanish 4 November).
With CRC availability extremely limited, buyers are being pushed to source material from the import market. Some import offers from India and other Asian countries for CRC issued in October have converted into sales. Import prices are heard in the range of €610-620/t cfr Italy, which will align with domestic levels once future CBAM costs are included.
Several market participants report severe difficulties in securing CRC supply across Italy and Europe. A similar trend is observed for HDG, where prices are also surging.
Following a period of stagnation and flat pricing, both CRC and HDG in Italy have now surpassed €700-710/t base delivered. ArcelorMittal is reportedly offering €770-780/t delivered for Q1, while Italian producers are quoting at roughly €30/t lower, with lead times extending into January. Last week, CRC and HDG transactions were heard at €700-710/t base ex-works, but sources indicate these prices are no longer available.
Automotive buyers are currently negotiating new annual contracts with steelmakers for HDG, reportedly aiming for price reductions or at best maintaining last year’s levels. However, a steelmaking source expects the new contracts to include increases of €50-60/t.
Demand for HRC remains relatively subdued in Italy, with ample supply available from Asia. Italian ports are reportedly holding significant volumes of imported coils, slowing down order intake for domestic mills and limiting any upward price movement.
Source:Kallanish
