ArcelorMittal Raises Hot-Rolled Coil Prices in Europe Amid New Trade Measures

ArcelorMittal Hot-Rolled Coil Price Increase Reflects Market Shifts

ArcelorMittal, a leading steel producer in Europe, raised hot-rolled coil (HRC) prices to €630 per tonne for December deliveries. Meanwhile, January delivery prices increased further to €650 per tonne. This price rise follows the European Commission’s (EC) announcement of new trade defense measures aimed at protecting the EU steel industry. Industry insiders had anticipated this move, signaling tighter market conditions ahead.

The steel market reacted cautiously last week, with prices remaining stable but mills in Northern Europe quoting around €600-610 per tonne for December. However, the EC’s new anti-dumping duties on imports from Egypt, Japan, and Vietnam have pressured mills to increase offers. This regulatory shift aims to reduce unfair competition and support local producers like ArcelorMittal.

Impact of EC Trade Defense Measures on European Steel Prices

The European Commission imposed definitive anti-dumping duties on specific hot-rolled flat products from Egypt, Japan, and Vietnam, effective for five years. These measures replaced previous duties and aim to curb cheap imports that threaten European steelmakers. However, similar imports from India were cleared of dumping accusations after investigation.

ArcelorMittal welcomed the EC’s trade protections, with CEO Gert Van Poelwode noting the industry’s voice has been acknowledged. This move strengthens European steel producers’ position amid global supply chain uncertainties and rising raw material costs. As a result, market watchers expect further price adjustments in the coming weeks, reflecting tightened import conditions and stronger local demand.

SuperMetalPrice Commentary:

ArcelorMittal’s price hike illustrates a pivotal moment for the European steel sector. The EC’s protective stance may provide short-term relief to producers but could also lead to higher costs for downstream industries. Meanwhile, global steel supply challenges persist, forcing mills to balance between competitiveness and profitability. Stakeholders should monitor evolving trade policies and market responses closely, as these will shape price trajectories and investment strategies over the next year.