Coal news and updates

ArcelorMittal (NYSE:MT) has raised steel coil offers by another €30/mt, following a lull of more than three weeks from the steady stream of price hikes until the end of last month, S&P Global Platts reports.

The new offer would price hot-rolled coils delivered across Europe at €1,200/mt as well as cold-rolled and hot-dipped galvanized delivered across Europe at €1,350/mt.

Separately, Argus Media reports Nucor (NYSE:NUE) increased plate prices by $120/st to $1,440/st fob mill for August tons, and Cleveland-Cliffs (NYSE:CLF) is said to have raised plate pricing to $1,590/st fob mill for September tons.

 

Shares of steelmakers closed with strong gains today after President Biden announced a deal was reached on an infrastructure plan.

 

 

Source : https://seekingalpha.com/news