• EU HRC (N. Europe)€740–760/tex-works N. Europe; tradable €740–750/t, offers €750–760/t; Fastmarkets index €748/t on 22 Oct22 Oct 2026 · Fastmarkets via EUROMETAL
  • China steel exports10.492 MtSeptember; Jan–Sep 85.641 Mt, −2.6% y/y14 Oct 2026 · China Customs via Mysteel / SMM
  • World crude steel142.4 MtSeptember, −0.2% y/y23 Oct 2026 · worldsteel
  • Iron ore fines 61%$89.20/dmtseaborne 61% fines, SMM; +$0.60/dmt d/d23 Oct 2026 · SMM
  • Turkish HMS 1&2 (80:20)~$400/tCFR, September averageOct 2026 · GMK Center
  • EU CBAM certificate€82.32Q3 2026 price, per certificate5 Oct 2026 · European Commission
  • US Section 232 steel10%–50%tariff, by product/country8 Oct 2026 · Congressional Research Service

How Loharo converts currencies

How the Loharo Analyst converts dollars, pounds and Canadian dollars to euros using ECB reference rates, with the rate and date shown beside each figure.

By Alex MorganPublished Updated 1 min read
Steel coils awaiting shipment at a dockside
Illustration

When a price is given in dollars, pounds or Canadian dollars, the Loharo Analyst converts it to euros using the ECB euro reference rates. The European Central Bank publishes these rates each working day at around 16:00 CET.

The Analyst shows the rate and its date next to every converted figure. The rates are for information only; your bank’s rate and the customs authority’s exchange rate can differ.

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Example: on 14 October 2026 the reference rate was €1 = US$1.1195, so $650/t is €580.62/t.

Source

Try it in the Loharo Analyst.

Ask the Analyst

“500 t HRC from Turkey into Antwerp in January”: landed cost with duty, quota and CBAM in one answer.Ask the Analyst

Facts, analysis and uncertainty are labelled in line with our editorial standards. Report an error – corrections are dated and noted on the article. Information and analysis only, not investment advice.