Arcelor hikes steel prices
Luxembourg-based steel producer Arcelor has reportedly increased high carbon steel
plate prices by 5-7% for the first quarter of 2005. The product is used mostly in
automotive sector.
The increase corresponds to an increase of €25-30 per ton in the price of hot rolled plates.
Moreover, it is stated that the company will increase its carbon steel
plate prices by 20-50% over 2004 prices this year. This product is used mostly in packaging sector.