Benchmarking Q3 pricing for NGO Silicon Steel and 5052 Al – is it just me?

Hi everyone,

I’m struggling with some budget forecasting for the second half of the year. Our current European suppliers (won't name names, but they are major mills) just hit us with another 'energy surcharge' on Silicon Steel (0.35mm NGO) and Aluminum 5052.

I’m being quoted around 2000€ per ton for the steel, delivered. Honestly, it’s killing our margins for the new motor housing project.

Is anyone else seeing these levels in Central/Eastern Europe? Are you guys finding better deals with Asian-processed materials (landed) or should I just accept that the European market is at this floor now? Any benchmarks would be a life-saver for my next CFO meeting.