ArcelorMittal targets substantial coil offers rise across Europe - sources

ArcelorMittal has increased its offers for hot-rolled coil in Northern Europe to €600 ($712) per tonne ex-works and to €700 per tonne ex-works for hot-dipped galvanized coil, effective immediately, market sources told Fastmarkets on Tuesday November 18.

The producer increased offers in other regions of Europe in line with prices in the north, Fastmarkets heard.

Producers have been targeting higher prices due to support from strong order books, an absence of import offers and strong demand, particularly from the automotive segment, which resulted...

Published

Maria Tanatar

November 19, 2020

11:45 GMT

London