Author: Nabeera
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EU: Trade curbs lift steelmakers’ prices, profitability despite weak domestic demand
New import quotas, CBAM, high freights weaken competitiveness of imports ArcelorMittal’s European EBITDA margin rises to $98/t in Q2, highest in 3 years As the European Union (EU) has significantly strengthened its trade defence measures against steel imports, the prices and profitability of intra-EU steelmakers have started gradually improving. As the price competitiveness of imported…