ArcelorMittal increases offers for HRC in Europe, sources say

ArcelorMittal has increased its offer prices for hot-rolled coil across Europe, effective immediately, market sources told Fastmarkets on Friday May 10.

ArcelorMittal's new offer for HRC is €530 per tonne delivered, which for the Ruhr area of Germany is equal to prices on an ex-works basis. Fastmarkets’ weekly price assessment for domestic HRC in Northern Europe at €490-500 ($549-560) per tonne ex-works on May 8, reflecting deals and offers heard in the market. Additionally, new HRC offers in both Southern and Central Europe were heard at €510 per tonne delivered today, market sources said. Fastmarkets’ weekly price assessment for domestic HRC in Southern Europe was €445-470 per tonne ex-works on May 8. Fastmarkets weekly price assessment for domestic...

Published

Maria Tanatar

May 10, 2019

14:10 GMT

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