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EU ArcelorMittal raises steel coils prices further

14 May 2021 16:39 reported by Alston Tsai

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ArcelorMittal announced again this week to increase its steel coils' price by EUR 50/ton, which was the sixth consecutive week of price increases.

European mills considered the lack of production in Q3 and still gave priority to long-term customers, then the remaining volume will be supplied to the spot market. Therefore, cold-rolled coil (CRC) and galvanized steel currently will not be delivered before Q3 from European mills.

Rising prices and insufficient supply have prompted some buyers to consider the CRC with China origin, even the risk of anti-dumping duties.

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