Leading global steelmaker ArcelorMittal has raised its flat steel prices across Europe this week, after increasing them on four separate occasions in April. Its new offers for hot rolled coils (HRC) are at €1,050/mt ex-works, up €30/mt compared to last week. At the same time, ArcelorMittal's offers for cold rolled coil (CRC) and hot dip galvanized (HDG) have remained both at €1,200/mt ex-works.
This week, the range of prices achievable in the EU market for HRC has reached around €1,000-1,030/mt ex-works due to the persisting shortage of material, rising by €30/mt on average compared to late last week. The earliest delivery times that European mills are able to offer are for late third quarter production, while most offers are now for the fourth quarter, with at least one mill offering for shipment in December.