Europe: ArcelorMittal hikes HRC offer for third time in Mar'21
European steel major - ArcelorMittal has raised HRC offers for the third time in Mar'21 according to recent media reports. The revised HRC offer stand at Euro 900/t ($1,060/t). Domestic HRC prices in Europe have been rallying owing to demand-supply mismatch. Limited inventories with mills owing to involved technical issues, maintenance shutdowns & delayed deliveries are some of the key reasons behind price hike