A number of western European coil mills are pushing for price increases of around Euro20-

30/mt across the product range. 

ArcelorMittal  has  announced  increases  of  Euro30/mt  for  all new orders for September 

delivery, market sources said. 

The move  will  take hot rolled coil offers to Euro515-520/mt on an ex-works Ruhr basis, or 

Euro550/mt effective delivered for western Europe. 

On  an  ex-works  Ruhr basis CRC would move up to Euro615-620/mt, and base grade hot

dip galvanized coil up to Euro650-660/mt. 

A  smaller mill was heard to have increased its HRC offer price by Euro20/mt to Euro500/mt 

ex-works Ruhr, while a source at another of the tier 1 western European producers said the

y expected to announce increases for September delivery. 

"We are finishing off August now  and then we look to make an increase, but we don't put a 

number on it yet," said the tier-1 mill source, suggesting it would be astonishing how quickly 

mills react compared to late 2015 when prices were drastically decreasing. 

"We have started with the increase this week and also taken bookings already for that. The 

market looks like it's going upwards," said the source at a smaller mill. 

"There is real demand, it  probably can't  be much better than we have. It's not just PMI and 

indexes but end users are really good. On apparent demand we've had a quite serious peri

od of destocking, but that seems to turn now and is accelerating and turning into a lot more 

customer  interest. It's  clear  that international  pricing  is  giving quite high signals, China is 

surprisingly strong," a mill source said.