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According to market sources, ArcelorMittal has once again raised its coil prices across Europe, with an increase of €30 per tonne (approximately $34.9 per tonne).
According to foreign media reports, following this adjustment, the base price for hot-rolled coil (HRC) for April delivery stands at €700 per tonne. 35A270 Non oriented magnetic steel, The base price for cold-rolled coil in new contracts has also been raised to €830 per tonne, while the price for hot-dipped galvanized coil has increased to €820 per tonne; market feedback indicates that supplies of cold-rolled coil are tightening.
This price hike takes place against the backdrop of a significant slowdown in import flows, driven primarily by uncertainties surrounding the cost calculation of the Carbon Border Adjustment Mechanism (CBAM) and the European Commission's plan to implement a new trade regime in July. 35A270 Non oriented magnetic steel, The latest revised version of this regime is scheduled for a vote next week by the European Parliament's Committee on International Trade (INTA); it may entail the imposition of a 50% tariff on quantities exceeding quotas, as well as the application of "melting and pouring" rules of origin.
Currently, import offers within the European market have dropped substantially. Concurrently, Asian steelmakers—facing limited predictability regarding price trends and future cost structures—have shown reduced enthusiasm in issuing price quotes. 35A270 Non oriented magnetic steel, Numerous market participants have noted that cold-rolled coils—particularly non-standard specifications—continue to face persistent supply shortages, making procurement increasingly difficult. Although cold-rolled coil supplies remain accessible through imports or from producers with lower CBAM-related costs, overall market supply remains tight.
Regarding the EU domestic market, current transaction prices for hot-rolled coils stand at approximately €630–640 per tonne (delivered basis), while those for cold-rolled and hot-dip galvanized coils are around €740–750 per tonne.
