CRU: Weak Demand, Imports Push European Sheet Tags Down

European sheet prices have declined sharply by €112-146 per metric ton ($110-144 per net ton) month-on-month (MoM), around 12-18% across all sheet products.

In CRU’s latest assessment, German hot-rolled coil decreased by €125 MoM to €689 per metric ton ($680 per net ton), while Italian HR coil saw a drop of €146 to €657 per metric ton ($648 per net ton). Prices have fallen by 20-23% since their peak in mid-April.