European long steel producers are increasingly concerned about low pricing trends in Italy and Spain, which are putting pressure on regional markets. Italian merchant bar and beam prices remain relatively stable, but demand is weak, and recent gains in scrap prices are beginning to reverse.
Spanish mills are facing similar challenges, with uncertainty prevailing and buyers pushing back against elevated prices in countries like France, Germany, and Austria. Some buyers are delaying purchases in hopes of securing discounts, while German mills are struggling to maintain order volumes.
In Italy, domestic merchant bar prices are under pressure from lower-priced imports, particularly from Turkey and Spain. Rebar prices continue to decline, with producers adjusting quotes to avoid losing orders.
The competitive pricing environment and weak demand are prompting mills across Europe to reassess their strategies as they navigate a difficult market landscape.
