ATI Allegheny Ludlum hikes CR steel prices
ATI Allegheny Ludlum will increase prices for T309, T310 and T330 cold rolled
stainless steel sheet, strip,
plate, continuous mill
plate and
Tubular Quality sheet and strip by approximately 5%, company sources report.
The price increase, which will be effective for shipments as of March 28, 2005, will be in the form of a 3% reduction in the company's offered discount.
Existing raw material surcharges will remain in effect.
ATI reportedly raised prices in an effort to offset rising
manufacturing costs.