German plate manufacturer Dillinger Hütte pushes up prices

German plate producer Dillinger Hütte, with an annual production capacity of 2.3 million mt of quarto plates, announced today, February 12 that it has increased its plate prices by €30/mt for deliveries in the second quarter of this year with immediate effect.
 
Dillinger Hütte stated that, after initial price gains in recent weeks, it saw the price increase of €30/mt as a realistic approach based on market fundamentals. "Positive effects from the restocking cycle in combination with improving market sentiment of end-users are supporting the move. This will also help to cover the raw material and energy related cost increase," reads the company statement.