ArcelorMittal Europe has announced a further price increase for hot-rolled coil (HRC), citing strong demand and extended delivery times due to full order books.
Key Highlights:
- Price Increase: The company announced a price increase of EUR 30 per ton for HRC, bringing the new price to EUR 660 per ton EXW (ex-works).
- Previous Increase: This follows a prior increase of EUR 20 per ton announced in the third week of December.
- Extended Delivery Times: ArcelorMittal Europe's delivery times are reportedly extended until April, reflecting strong order capacity at its production facilities.
- Market Prices: Market asking prices have risen to EUR 660/t for HRC and EUR 780/t for hot-dipped galvanized coils.
- Demand Outlook: ArcelorMittal anticipates higher apparent demand in financial year 2025 compared to financial year 2024.
- Inventory Levels: Low inventory levels, particularly in Europe, are expected to support real demand recovery through restocking activity.
ArcelorMittal Europe's decision to further increase HRC prices reflects confidence in the strength of the European steel market. Extended delivery times and rising market prices suggest that demand is currently outstripping supply.
ArcelorMittal Europe's price increase for HRC underscores the current dynamics of the European steel market, characterized by strong demand, low inventories, and rising prices. The company's expectation of increased demand in 2025 further supports a positive outlook for the region.
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