Assofermet Acciai: strengths of the Italian market at the end of November, recovery possible in 2026

According to the latest market report released on December 5 by Assofermet Acciai, November showed signs of improvement in the Italian steel market compared to the uncertainty that characterized the autumn period. After the initial phase, driven by the need to anticipate the price increases announced for 2026, buyers took a more cautious approach. However, the overall picture has become more stable, and demand has shown a slight strengthening compared to previous months.

In the first half of November, consumer interest remained stable, helped by attempts to avoid the price increases expected with the introduction of new import regulations. The subsequent normalization of commercial activity did not prevent a gradual improvement in market conditions compared to the autumn of 2024. Assofermet notes that price increases have already been absorbed in the Nordic markets, while Italy is still lagging behind the escalation expected since December. Questions remain about the strength of underlying demand, but according to the association, a price rebound is "within reach" for the supply chain as a way to reverse the negative trend seen in recent months. A gradual reduction in the ability to find suppliers outside the EU could lead to further pressure increases in the second half of 2026.

For stainless steel products, Assofermet reports no surprises this month. The approach of 2026 and the uncertainty surrounding the CBAM mechanism lead to higher prices in the first quarter.