Tata Steel UK raises hot-rolled coil prices by £125/t

Metallurgical company Tata Steel UK has raised prices for hot-rolled coil (HRC) by £125/t to £620/t per tonne and for hot-dip galvanized coil by £140-150/t in the second quarter. This was reported by Argus Media, citing sources.

According to the agency, some service centers have received such offers for hot-rolled coil, which is higher than the previous level, which was closer to £540-550/t (ddp West Midlands).

According to some buyers, Tata is implementing a phased price increase, adding another £40/t in May and June. Other customers have not received HRC allocations for April 2026 and phased pricing in the following months.

The company cites rising raw material costs, particularly for slabs and zinc, as well as the price discrepancy between the UK and Europe.

Slabs, Argus notes, are becoming increasingly scarce as the escalation of the conflict in the Middle East has halted Iranian exports. At the same time, European mills consider it more cost-effective to import semi-finished products than to increase production and purchase more carbon allowances.

Future quota changes, risks, and increased delivery costs from Asia are expected to prompt buyers to choose European alternative suppliers in the near term.

It should be noted that in February 2026, the global hot-rolled coil market continued the upward trend that began in January. Offers in Europe have increased by €25–45/t since the beginning of the year, and in the US by $50/t. China lagged behind the trend, showing an increase of only $2/t.