Europe’s biggest steelmaker ArcelorMittal has slapped a surcharge on some products due to surging power prices, according to a person familiar with the matter. Long steel products sold by ArcelorMittal in Europe will be subject to a €50 ($58) a ton surcharge, said the person, who asked not to be named as the matter is private. It follows a similar move last week by UK-based British steel, which said it’s hiked prices by £30 ($41) a ton.
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