ArcelorMittal raises European flat carbon steel prices

Source: Construction Digital

Date :27/06/2008 10:09:30

The world’s largest steelmaker today, June 27, announced a €50 per ton hike in the price of European flat carbon steel and said that further increases could be on their way.

The new base price level for hot rolled coil will be €770 per ton for new bookings with delivery scheduled for September 2008, compared with the €720 per ton price for July and August bookings.

"This further adjustment is a direct result of a robust demand throughout most of Europe as well as on the global market," the group said in a statement.

"We expect that the tight global supply situation and ongoing cost increases will result in continued upward pressure on steel prices in forthcoming quarters."