Weekly steel price index 2025/02/15
Steel NewsDate: 17-02-2025 by: Ngoc Cam
In the Weekly Steel Price Index for 2025/02/15, MRS Group provides an in-depth look at global steel price trends, highlighting key market changes in the EU, US, and Asia.
The latest update from MRS Group offers valuable insights for businesses and investors to stay ahead and adapt their strategies in 2025.
Exporting Country | Product | Importing Country | Price (USD/MT) | Trade & Shipment Term |
China | HRC (Q195 3mm) | Viet Nam | 465-470 | CFR Viet Nam – Mar/April shipment |
China | HRC (Q235) | Viet Nam | 470-475 | CFR Viet Nam – Mar/April shipment |
China | SAE1006 50% 2mm | Viet Nam | 490 | CFR Viet Nam – Mar/April shipment |
Rizhao | SAE1006 50% 2mm | Viet Nam | 490 | CFR Viet Nam – Mar/April shipment |
Germany | HRC | North Europe | 650-661 | EXW Germany – April shipment |
Italy | HRC | North Europe | 619-650 | EXW Italy – April shipment |
Turkey | HRC | EU | 619-629 | CFR EU main port – April/May shipment |
Vietnam | HRC | EU | >500 | FOB |
Indonesia | HRC | EU | 566-587 | CFR EU ports – April/early May shipment |
Korea | HRC | EU | 598-608 | CFR EU ports – April/May shipment |
Japan | HRC | EU | 596-603 | CFR EU ports – April/May shipment |
US | HRC | US | 881 | EXW Mar/April shipment |
Mexico | HRC | Mexico | 685-710 | Delivered price |
In the past week, investigations and updates regarding anti-dumping tariffs on steel exports to the EU have garnered significant attention from stakeholders in the steel industry. The EU has implemented robust anti-dumping measures on steel imports from several countries with high steel export volumes, particularly from Turkey, India, and China. Tariff rates for steel producers in Turkey, such as Çolakoğlu Metalurji A.Ş. (7.3%) and Erdemir Group (5%), reflect the EU's efforts to protect domestic steel manufacturers from unfair competition due to cheap steel imports. Companies such as Habaş Sinai and Ağir Haddecilik also face tariffs ranging from 4.7% to 7.3%, depending on the steel product being exported. These measures are part of the EU's long-term strategy to safeguard its domestic steel industry and maintain market stability.
The situation in the U.S. steel market in the past week has continued to be influenced by rising prices due to import tariffs and protective measures for the domestic steel industry.. These price increases are primarily driven by import tariffs on steel from countries such as Mexico, Canada, and China. The U.S. tariff policy has created a favorable environment for domestic steel producers to raise prices, but it has also led to higher costs for imported steel, which in turn affects industries that rely on steel, such as construction and automotive manufacturing.
* Please note that all pricing information in this article is based on data collected and analyzed by our team and is intended for reference purposes only. Prices are subject to change and may not be accurate at all times.
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