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.