ArcelorMittal, a leading European steelmaker, has raised its HRC prices by around EUR 50/t ($59/t) m-o-m to EUR 750/t ($884/t) base delivered for May’26 deliveries. Moreover, CRC and HDGI prices were also increased to EUR 880/t ($1,037/t) and EUR 870/t ($1,025/t), respectively. The price increase is primarily driven by the introduction of CBAM in 2026 and an anticipated 47% reduction in steel import quotas, despite continued weakness in overall demand.
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