ArcelorMittal : Price hikes in Europe difficult to introduce (as rapidly as expected)
>Strong resistance to price hikes in Europe - Since the beginning of February 2019, ArcelorMittal Europe (37% of 2018e EBITDA) has announced two price increases, each of € 30/t ($ 34/t), for its coil products in Europe (i.e. € 60/t or +14% vs the spot price (4 February) of € 445/t for hot-rolled coil products in Italy. These announcements have only just enabled the spot price to increase to € 475/t in southern Europe. Conversely, the price in the north of Europe has r...ArcelorMittal is a steel company, based in Luxembourg, with operations in more than 60 countries. Co. is active in all major global steel markets, including automotive, construction, household appliances and packaging, as well as activities in Research & Development and technology, with captive supplies of raw materials and its own distribution network. Co. has an industrial presence in over 20 countries spanning four continents, covering key steel markets, from emerging to mature. Co. offers a complete spectrum of steel products from commodity steel to value-added products, from long products to flat, from standard to specialty products, from carbon steel to stainless steel and alloys.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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