📡 2026.4.22Core Europe Steel Weekly Report — Free Sample

Report Period: April 15 – 22, 2026
Coverage: Germany | United Kingdom | France | Italy

📌 Core Insights (Excerpt)

📌 EU Safeguard Provisional Deal Reached — 47% Quota Cut, 50% Tariff from July 1 — On April 14, EU member states and Parliament agreed on a new steel trade framework effective July 1, 2026. The duty-free import quota will be capped at 18.3 million tonnes per year, a 47% reduction from 2024 levels. Out-of-quota imports face a 50% tariff, double the previous 25%. Formal approval expected in May 2026. This represents the most significant tightening of EU steel import policy in over five years.

📌 CBAM Carbon Cost Now Permanent — €75.36/tCO₂e for Q1 2026 — The first official CBAM certificate quarterly price was published on April 7 at €75.36 per tonne of CO₂ equivalent. For a typical steel import with emissions intensity of ~2 tonnes CO₂ per tonne, this adds approximately €150 per tonne to landed costs. The Q2 price will be announced in early July.

📌 Northern Europe HRC Prices Retreat Modestly — Fastmarkets‘ daily HRC index for ex-works Northern Europe fell to €708.33/t on April 17, down €11.67/t week-on-week. Workable prices now sit at €700–710/t EXW, with trading muted as buyers hold sufficient inventory booked ahead of the July 1 trade regime change.

💰 Price Snapshot (Selected)

🛡️ Policy Alert

India HRC Quota Exhausted for Q2 2026: India has fully depleted its duty-free HRC allocation for the current quarter, with 304,826 tonnes awaiting allocation against only 225,306 tonnes available. Any additional Indian HRC entering the EU before July 1 will now face the 50% out-of-quota tariff. This creates immediate supply constraints for buyers reliant on Indian material.

💡 Sample Actionable Advice

For Procurement Managers:
✅ Secure Q3 HRC volumes now, but push back against €750+/t offers. European mills are targeting €750–770/t EXW for July delivery, citing the upcoming safeguard tightening. However, workable prices remain at €700–710/t, and high inventory levels limit buyer urgency. Lock in Q3 contracts at €710–730/t where possible, but avoid committing above €750/t until country-specific TRQ allocations are revealed.

This free sample represents a fraction of the full weekly report. Subscribers receive:

• Complete price tables for all major European markets (Germany, France, Italy, UK)
• Full import viability assessments with CBAM and duty calculations
• Detailed policy and trade risk analysis with legislative timelines
• Supply and inventory dynamics including port congestion metrics
• Dedicated action advice for both procurement and sales managers
• Major events tracking with market impact assessments

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