ArcelorMittal has announced a €20 per tonne increase in hot-rolled coil (HRC) prices across Northern Europe, setting the new base price at €700 per tonne for deliveries starting in June. This adjustment reflects improved demand and the impact of EU import restrictions, which have prompted buyers to prioritize domestic sourcing.

Southern Europe is expected to follow this pricing trend, albeit with a slight delay. The market remains cautiously optimistic as participants monitor the effects of safeguard measures and evolving supply dynamics.