1. Core Information
On February 20, 2026, major European steel producers, including
ArcelorMittal, Thyssenkrupp, jointly announced an increase in the ex-works price of
hot rolled coil (HRC) for March delivery.
The price will be raised by
€30–50 per tonne.
2. Reasons for Price Increase
- Rising energy costs
Natural gas and electricity prices in Europe have staged a partial rebound, increasing production cost pressure on steel mills.
- Expectation of tighter EU import quotas
Stricter import controls are expected to reduce external supply pressure and support domestic steel prices.
3. Involved Companies
- ArcelorMittal
- Thyssenkrupp
- Other major integrated steel producers in Europe
4. Product and Implementation
- Product: Hot Rolled Coil (HRC)
- Effective month: March 2026
- Price adjustment: +€30–50/tonne
