30 Juni 2008
ArcelorMittal ups flat steel prices

LUXEMBOURG Steelmaker ArcelorMittal announced Friday it was raising its flat carbon steel prices in Europe by 50 euros to 770 euros (US$1,212) a ton to meet increasing demand.

"This further adjustment is the direct result of robust demand throughout most of Europe and the global market," said Olli-Matti Saksi, an Arcelor vice president for Europe, in a statement.

"We expect the tight global supply situation and ongoing cost increases will result in continued upward pressure on steel prices in forthcoming quarters."

Fridays announcement affects new orders with delivery scheduled for September.

The company said it wanted to set prices for October by mid-July.

(Sumber: The Jakarta Post)

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