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New UserArcelorMittal reportedly hikes steel coil prices by €30/ton
25 Jun 2021
ArcelorMittal (NYSE:MT) has raised steel coil offers by another €30/mt, following a lull of more than three weeks from the steady stream of price hikes until the end of last month, S&P Global Platts reports.
The new offer would price hot-rolled coils delivered across Europe at €1,200/mt as well as cold-rolled and hot-dipped galvanized delivered across Europe at €1,350/mt.
Separately, Argus Media reports Nucor (NYSE:NUE) increased plate prices by $120/st to $1,440/st fob mill for August tons, and Cleveland-Cliffs (NYSE:CLF) is said to have raised plate pricing to $1,590/st fob mill for September tons.
Shares of steelmakers closed with strong gains today after President Biden announced a deal was reached on an infrastructure plan.
Source : https://seekingalpha.com/news