Uncertainty dominated discussions at the Made in Steel trade fair in Milan, as Europe’s flat steel market faced weak demand, volatile trade dynamics, and regulatory complexities.

Despite recent increases in mill offers, attendees noted that pricing remains under pressure due to cautious buyer sentiment and ongoing market instability. Some industry players expressed optimism that infrastructure spending and geopolitical developments could improve demand in the second half of the year.

Import activity was also a key topic, with mixed views on price viability and buyer receptiveness. Indonesian coils were offered at €570 per tonne CFR Italy, but concerns remained about their suitability for broader market applications.