ArcelorMittal hikes steel product prices.
In view of profits rising by a mere 16% in the first quarter of this year ArcelorMittal have acted quickly to ensure better results for the second half of the year!
ArcelorMittal said it is raising prices on flat carbon steel products for new orders with scheduled deliveries in July and August, and that it is taking ‘all available steps’ to avoid supply disruptions to customers.
The price rise brings the base level for hot band steel to 720 euros per tonne. Cold rolled and coated flat product prices will rise accordingly.
ArcelorMittal cited a significant rise in its raw material costs, including coking coal, that has been exacerbated by a sharp rise in scrap prices.
It did not elaborate on specific threats to customer supplies other than indicating that its own cost increases could be one. Company spokespeople could not be immediately reached to comment.
Posted: May 14th, 2008 under Steel Comment, Steel News, Steel Prices, steel strip.
Comments: 4
Comments
Comment from vishal
Time: May 14, 2008, 2:18 pm
hello sir
i will feel glad if u are able 2 send me daily prices of hrc in coil form.
thanxs
vishal
Comment from steve
Time: May 15, 2008, 11:03 am
Vishal,
You will not be able to get such a service without paying. We suggest you talk to MEPS. They are specialists in this field. See the link in the right hand sidebar of this blog.
Steve
Comment from irfan
Time: May 19, 2008, 5:31 pm
plz send me steel price list of jully 2007 and current mean may 2008
from:-
S.Construction….parbhani(M.S)
Comment from udaya kumar
Time: May 23, 2008, 9:47 am
sir,
please confirm the price for high carbon steel billet’s in Eupore
thanks
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