Global steel producer ArcelorMittal is introducing a further price increase for hot-rolled coil in Europe of €50/t. This was reported by Kallanish with reference to market sources.

The revised base price for hot-rolled coil is €750/t delivered. Prices for cold-rolled coil for new contracts will also increase by €50/t compared to January, to €880/t.

According to market sources, the company is also raising prices for new contracts for all commercial grades in its long products range by €20/t, including rebar, profiles, and wire rod. A similar increase of €20/t was applied in January.

This move by the company is due to further increases in production costs (scrap, gas, and electricity costs). The same factor is prompting several other long product manufacturers in different countries to introduce price increases of €20-30/t.

It should be noted that global prices for hot-rolled coil (HRC) rose in most key regions in January 2026. The largest market upturn was recorded in the EU and the US, while China saw only a slight increase in prices after a weak November-December.

At the same time, global rebar prices at the beginning of 2026 showed mixed dynamics depending on the market. Europe and the US saw a 2-5% increase in prices, while Turkey and China saw a 0.4-2% decline.  In February-March, prices may rise slowly due to the seasonal revival of construction and further increases in raw material prices. Weak demand and buyer resistance will limit growth potential, keeping the market highly volatile.