-
European Steel Sector Eyes 2026 Recovery As Import Curbs, Pricing Gains Take Hold
The European steel industry is positioned for a significant 2026 rebound after bottoming in 2025, with benchmark hot rolled coil (HRC) prices forecast to reach $750/t, up more than $100/t from third quarter lows of $650/t, according to analysts at Jefferies in a note dated Tuesday. The brokerage projects diversified steel giant ArcelorMittal will achieve €8.3 billion EBITDA in 2026 versus €8.2 billion consensus, Swedish specialty steelmaker SSAB SEK13.2 billion versus SEK13.1 billion consensus, and Austrian steel and technology group Voestalpine €1.7 billion versus €1.72 billion consensus. This follows 2025 ... (full story)