ArcelorMittal announced that HRC prices per tonne ex-mill or delivered in Northern Europe are to be increased to EUR 630/t for the February-March period.
The uncertainty about how effective ArcelorMittal's price increase implemented by ArcelorMittal is going to be when the market reopens in January is a matter of debate. Analysts reported that the high price increase is unlikely to be strong enough to support market conditions.
Imports are expected to decrease in the first quarter of next year due to anti-dumping measures against some countries and 15% import restrictions imposed on all countries. Recent developments regarding the review of safeguard measures announced by the European Commission on Tuesday, 17 December, however, led to a partially positive sentiment among sellers.
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