MATERIAL PRICES
Sheet Metal Price Today: Price, Trends and Forecast 2026 | Tacto
09.11.2026
Current sheet metal price based on CRC and HDG quotations for Northern Europe (CRC 860 to 890 EUR/t ex-works, latest available weekly assessment of 25 September; tradeable around 850 to 860 EUR/t in mid-October). Trend analysis of mill demands for the first half of 2027, the rising hot-rolled coil price, the shutdown of the Taranto blast furnaces and the Rhine. Scenarios and procurement recommendations for European industrial buyers.
METHODOLOGY
For sheet metal prices we use an indicator based on cold-rolled coil in Northern Europe. Cold-rolled coil is the closer reference than hot-rolled coil for many industrial sheet parts, because it sits nearer to typical processed sheet applications. We also track hot-dip galvanized flat steel as the main coated follow-on material and hot-rolled coil as the upstream base. This page deliberately covers industrial flat sheet and sheet part logic, not the heavy plate market.
AT A GLANCE
- Mills are asking 100 to 150 EUR/t more for long-term contracts in the first half of 2027 than in the second half of 2026; the market considers at most half of that achievable (Fastmarkets via EUROMETAL, 3 and 6 November).
- Hot-rolled coil as the upstream product rose to 764.00 EUR/t by 4 November, 20.67 EUR/t above the previous month. Cold-rolled was tradeable around 850 to 860 EUR/t in mid-October (EUROMETAL, 16 October). A newer weekly assessment for cold-rolled is missing.
- The Taranto blast furnaces are being shut down after a ruling on 30 October (Platts via EUROMETAL, 6 November). European supply of upstream material is shrinking.
- The Kaub gauge stood at 5 to 11 cm on the morning of 8 November (WSV). Rhine-based mills will likely deliver with part loads again in December.
Contents
What is driving the price right now?
Mills are raising their demands for 2027. For long-term contracts in the first half of 2027 they are asking 100 to 150 EUR/t more in Northern Europe than in the second half of 2026; at the end of October market participants expected at most half of that to be achievable (Fastmarkets via EUROMETAL, 3 and 6 November). At Euroblech mills had offered hot-dip galvanised for 2027 at 940 to 960 EUR/t (Kallanish via EUROMETAL, 23 October).
The upstream product is firming. Hot-rolled coil Northern Europe rose from 748.75 to 764.00 EUR/t between 2 and 4 November, 20.67 EUR/t above the previous month; offers for the first quarter stood at 780 to 815 EUR/t ex-works (Fastmarkets via EUROMETAL, 6 November). No new weekly assessment for cold-rolled and hot-dip galvanised has been published since 25 September. In mid-October mills offered cold-rolled at 850 to 880 EUR/t, with tradeable levels around 850 to 860 EUR/t; hot-dip galvanised was tradeable around 840 to 850 EUR/t (EUROMETAL, 16 October). The gap between cold-rolled and hot-rolled has therefore narrowed since October.
Supply in Europe is shrinking. In Taranto, Acciaierie d'Italia has started shutting down the blast furnaces after a ruling by Italy's Supreme Court on 30 October; no pig iron has been produced there since early October (Platts via EUROMETAL, 6 November). Imports remain limited: quarterly quotas for cold-rolled and several quotas for coated sheet were exhausted within days in October, and anti-dumping duties on cold-rolled from five countries have applied since August.
Logistics and wages add to costs. The Kaub gauge rose briefly to a daily mean of 57 cm in late October and fell to 5 to 11 cm by the morning of 8 November (WSV). IG Metall is demanding a 5 percent wage increase for the steel industry in the 2027 bargaining round (EUROMETAL, 6 November).
What we are watching: the next weekly assessment for cold-rolled and hot-dip galvanised, first deals for the first half of 2027 and the sale process for Acciaierie d'Italia.
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What does this mean for procurement in Europe?
Negotiate the 2027 annual contract against the spot price, not against the demand. Cold-rolled was tradeable around 850 to 860 EUR/t in mid-October, hot-dip galvanised around 840 to 850 EUR/t; mills are asking 100 to 150 EUR/t more for the first half of 2027 than for the second half of 2026. The market considers at most half of that achievable. Any surcharge beyond that is a concession you trade for guaranteed volumes and fixed delivery windows.
Close early, but split the year. Hot-rolled coil has been rising since late October, first-quarter offers are above it, and Taranto takes further capacity out. A fixed price for the first half and indexation to cold-rolled or hot-rolled coil Northern Europe with a cap for the second half spreads the risk.
Have surcharges on sheet metal parts broken down into their components. Ask for upstream material, product surcharge for cold rolling or galvanising, energy, processing and logistics to be shown separately. The gap between cold-rolled and hot-rolled has narrowed since October; a rising hot-rolled price does not justify a product surcharge that grows on top.
Check import contracts for quota and proof of origin. If you source cold-rolled or coated sheet from third countries, clarify in writing who bears the 50 percent out-of-quota duty and which substitute documents are accepted for melt-and-pour evidence until 30 September 2027. Quotas for the first quarter of 2027 open on 1 January. Include CBAM at 82.32 EUR/tCO2 and the anti-dumping duties in the calculation.
Secure logistics from Rhine-based mills. With the Kaub gauge below 30 cm, ask every supplier which mill your material comes from, which replacement capacity on rail and road is booked for December, and who bears low-water surcharges.
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Sheet Metal Price Forecast: Our Procurement Intelligence Team's Assessment
Base Scenario
Within this range over the next four to six weeks. (1) Cold-rolled was tradeable around 850 to 860 EUR/t in mid-October, hot-dip galvanised around 840 to 850 EUR/t, (2) hot-rolled coil rose to 764.00 EUR/t by 4 November and lifts the base, (3) exhausted import quotas, anti-dumping duties and the Taranto outage hold the floor, (4) muted demand and high distributor stocks cap the rise.
Risk Scenario
Within this range if several triggers coincide over the next three months. (1) Mills secure increases of around 100 EUR/t for the first half of 2027, (2) no buyer is found for Taranto and further blast furnace capacity drops out, (3) the Kaub gauge stays below 20 cm into December. Spot prices would then rise towards contract demands. Probability 20 to 25 percent over the next three months.
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Frequently Asked Questions
Because the price anchor deliberately sits on industrial flat sheet, meaning cold-rolled coil, HDG and the hot-rolled reference. Heavy plate follows a different market and demand pattern and should be tracked separately if that segment matters for your procurement.
Sheet parts, housings, control cabinets, cable trays, cladding, brackets and ventilation components. That is where the sheet base, follow-on product premiums and availability meet most visibly at the moment.
When the supplier discloses how much comes from the cold-rolled or galvanizing premium and how much from energy, processing and logistics. Higher premiums are currently plausible mainly for CRC- and HDG-related applications. Blanket steel surcharges without a split between material and product are less plausible.
Because many industrial sheet parts are closer to cold-rolled or galvanized flat steel than to the hot-rolled base. Hot-rolled coil remains important as the upstream market anchor, but for your actual procurement the cold-rolled and galvanizing premiums often explain the price better.
