ISG hikes flat rolled prices
US steelmaker International Steel Group announced increase of prices by a minimum of $20/mt on all flat rolled (non-plate) products effective with all shipments from August 1, 2004. Accordingly the base price for all non-contract sales will be:Hot rolled :$510/ton Cold rolled :$620/ton Galvanized :$680/tonThe company will also revise the extras effective August 1, 2004 shortly. It is stated that although the scrap prices have softened, the ongoing coal shortage still has its impact on raw material costs and therefore related surcharge for the month of July will be announced at the soonest possible time.