The world’s second-largest steel manufacturer ArcelorMittal, which is also Europe’s largest steelmaker, has reduced steel coil prices by Euro 50/t, sources informed SteelMint.
Revised prices:
- HRC offers are at Euro 1,150/t ($1,356/t)
- CRC and hot-dipped galvanised prices are at Euro 1,250/t ($1,474/t)
- The company has revised offers after a gap of almost three months due to competitive import offers besides weak downstream demand.
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