Europe’s leading steel mill- ArcelorMittal has increased its coil prices by Euro 50/t. The current price of HRC stands at around Euro 970/t, CRC and hot-dipped galvanized at Euro 1,120/t. Last week the company raised its steel prices by Euro 20/t. Bullish sentiment across the European market and supply shortage led to a frequent hike in coil prices. Also, market sources anticipate that prices will remain strong in the near term.
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