05
Jun
14:18
ArcelorMittal increases longs prices in Europe
Market sources say ArcelorMittal is announcing higher prices for long products across Europe. The move is driven by the high cost of production and the need to recover margins, Kallanish notes.
The steelmaker is reported to be offering €30/tonne ($32) above its May quotes for all commodity grade longs. “Capacities have been reduced because of the lower consumption across Europe, but prices are now being strongly impacted by the high cost of energy …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous