ArcelorMittal has added a further ?,?30 ($34) per tonne to its European coil steel prices, the world's largest steelmaker told Fastmarkets on Tuesday February 19.
The second increase in offer prices in less than a month follows the company's announcement that it would be adding ?,?30 per tonne to the price of European coil products on January 31.The latest price increase will be applied to hot-rolled coil, cold-rolled coil and hot-dipped galvanized coil prices across Europe with immediate effect, the company said.Buyers have confirmed the rise in ArcelorMittal's offer prices.Rising import prices are behind the latest increase, according to the company. The steelmaker has not given specific offer prices, but buyers expect to receive new prices during negotiations this week.Southern EuropeFastmarkets' weekly price assessment for domestic HRC in Southern Europe was ?,?470-510 ($532-577) per tonne ex-works on February 13, up by ?,?20 per tonne since the previous price rise announced by ArcelorMittal.The lower end of the...