ArcelorMittal this week announced a minimum of €30 ($36) per tonne increase for beams
, citing the rising cost of feedstock.
Fastmarkets’ daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey
was $450.49 per tonne on March 2, up from $381.84 per tonne on February 9.
“The market fundamentals have not changed, the scrap drop...