EU Steel Industry Tests Market Appetite for Price Increases ...Middle East

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EU Steel Industry Tests Market Appetite for Price Increases
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According to MetalMiner’s sources, ArcelorMittal sought another increase in its hot rolled coil coffers on August 5. This is in addition to the increase the steel industry leader sought in the previous week. Reports indicate that the Luxembourg-headquartered company is now seeking up to €610 ($705) per metric ton EXW for Q4 delivery, up almost 3.4% from the €590 ($685) it was seeking in the previous week. Traders Doubt Buyers Will Accept Hikes One industry trader did not believe that buyers would so readily accept the hikes, especially…

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