ArcelorMittal is preparing to announce another price increase in the next few days
The largest European steel company ArcelorMittal is preparing to announce the sixth price increase since November last year.
The previous announcement, presented on January 28, was met with skepticism by buyers given the rise in imports and lower demand.
Argus analysts believe the anticipated announcement in the coming days will be timely as import offerings have declined slightly in the more resilient Asian market.
Argus China's daily benchmark steel price index rose from $ 644 /t on Feb 18 to $ 680 /t today. Factories in India, Russia and other countries have raised their prices by about € 20 per tonne over the past few days.