Archive for May 14th, 2008
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 [...]
Posted: May 14th, 2008 under Steel Comment, Steel News, Steel Prices, steel strip.
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Rising demand boosts European steel giants
Europe’s two leading steel groups today shrugged off the impact of soaring commodity prices and the west’s economic slowdown, with ArcelorMittal posting a 16% leap in first-quarter pre-tax profits to $5bn (£2.57bn) and ThyssenKrupp a jump from €572m (£453m) to €742m.
ArcelorMittal, the world’s biggest steelmaker, said it was benefiting from a "healthy pricing benefit" as [...]
Posted: May 14th, 2008 under Steel International, Steel News, Steel Prices.
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