ArcelorMittal increases CRC/HDG, leaves HRC unchanged

  • Tuesday, March 9, 2021
  • Source:ferro-alloys.com

  • Keywords:ArcelorMittal, CRC/HDG, HRC
[Fellow]The new offer for HDG, with immediate effect, will be €900/t base, while CRC will be offered at €870-880/t.
[Ferro-Alloys.comEuropean steel producer ArcelorMittal is increasing its hot-dip galvanised (HDG) and cold-rolled coil (CRC) offers but leaving hot-rolled coil (CRC) unchanged.
 
The new offer for HDG, with immediate effect, will be €900/t base, while CRC will be offered at €870-880/t.
 
The shortage is more acute on downstream products, where the automotive supply chain has been attracting ample material. The company has already been achieving its previous offer level of €880/t for HDG. Lead times from the producer can be as long as 12-15 weeks for spot customers, where allocation is available.
 
After significant supply tightness across the coil product suite in recent months, consumers are already locking in third-quarter supplies to ensure they have sufficient tonnage. For those where the cost of steel is a smaller portion of their selling price, they are more content to pay higher levels to ensure supplies.
 
Market participants may be a little bemused that HRC offers have not increased, given the renewed upwards momentum inspired by China's firm return from its lunar new year holiday. It could be that ArcelorMittal does not want to open the door to imports any further. Russian material has been sold at €705/t fca Antwerp of late, which is competitive against the standing €750/t offer. Indian material has also been quoted at a low €700s.
 
Some market participants had reported receiving €10/t increases in HRC offers at €760/t. Such a small magnitude of increase will also surprise the market, given the producer normally announces €50/t increases.
 
Source: Atgusmedia
  • [Editor:kangmingfei]

Tell Us What You Think

please login!   login   register
  • Buy & Sell

 
Please be logged in to comment!