Arcelor Sections announces June surcharge

Arcelor Sections Commercial, after reviewing the May scrap prices in the European market, decided to slightly 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 109 per ton effective for deliveries as of June 1, 2006. The May surcharge on the same products was Euro 107 per ton.