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ArcelorMittal Cautions on Global Steel Trade Amid Rising Costs

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Business 30 Apr 2025 05:12 PM IST Live Mint

ArcelorMittal warns of global trade issues.

Steel prices surge amid supply bottlenecks.

Calls for stable trade policies, clear regulations.

New Delhi, April 30, 2025 — Global steel giant ArcelorMittal has sounded an alert over potential trade disruptions as international steel prices continue their upward trajectory. The company cautioned that geopolitical tensions, logistical bottlenecks, and safeguard duties in key markets are likely to strain global supply chains and impact trade flows in the coming months.

In a recent industry briefing, ArcelorMittal officials pointed to the sharp rise in raw material costs, including iron ore and coking coal, coupled with regional protectionist policies as major drivers behind the escalating steel prices. The company noted that while price increases may temporarily benefit producers, sustained trade restrictions could disrupt supply-demand balances, affecting industries like construction, automotive, and infrastructure globally.

The European Union’s latest anti-dumping measures, the provisional safeguard levies imposed by India, and tightening shipping routes in the Red Sea region were cited as specific pressure points. ArcelorMittal emphasized the need for regulatory clarity and smoother trade channels to prevent long-term market instability.

The company reaffirmed its commitment to supply chain resilience but acknowledged the near-term market volatility.