ArcelorMittal has increased its coil offers once again across Europe, amid the domestic supply shortage and the lack of competitive import offers. Its new offers for HRC are at €920/mt ex-works, up €20/mt compared to its previous offers. Sources have told SteelOrbis that ArcelorMittal's offers for CRC and HDG are at €1,070/mt and €1,075/mt respectively, while they were at €980/mt and €1.000-1.050/mt previously, all ex-works.
This week, HRC transaction prices hit €870-900/mt ex-works in Europe.