ArcelorMittal, Europe’s largest steel producer, raised prices for hot-rolled coil (HRC) to 820 EUR/t and galvanized (HDG) flats to 940 EUR/t.
The new offers are €40/t higher than the company’s latest official offers of €780/t for hot-rolled coil (HRC) and €900/t for (HDG) galvanized flats.
The new offers come after some buyers were accepted last week, although market participants remain concerned about the sustainability of the recent upward trend in demand from some sectors.
Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.
It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.
Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.
General Secretariat
Tel +21323304221 – +21323304239
Fax +21323304254
Mail: [email protected]
Cairo Regional Office
Tel +20233356219 Fax +20233374790
Mail: [email protected]
