Will EU Steel Hikes Spill Over into U.S. Prices? | Metals Mine

  • Will EU Steel Hikes Spill Over into U.S. Prices?

    From agmetalminer.com

    According to MetalMiner’s sources, ArcelorMittal sought another increase in its hot rolled coil coffers on August 5. This is in addition to the increase the steel industry leader sought in the previous week. Reports indicate that the Luxembourg-headquartered company is now seeking up to €610 ($705) per metric ton EXW for Q4 delivery, up almost 3.4% from the €590 ($685) it was seeking in the previous week. One industry trader did not believe that buyers would so readily accept the hikes, especially considering that offers in the week of July 21 were €530-540 ($615-625), themselves off by €10 per metric ton ... (full story)

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