Arcelor Sections announces July surcharge

Arcelor Sections Commercial, after reviewing the June scrap prices in the European market, decided to increase its scrap surcharge on all beams and sections, according to a statement released by the company. Arcelor announced that the new scrap surcharge will be Euro 121 per ton effective for deliveries as of July 1, 2006. The June surcharge on the same products was Euro 109 per ton.