Peiner Träger announces base price increase

Peiner Träger GmbH, which is the beam and section unit of German steelmaker Salzgitter, has announced a base price increase of Euro 20-25/ton effective for section deliveries as of November 1, 2006. The company stated that although scrap costs, and consequently scrap surcharges, had declined during the third quarter, it was obliged to increase its base prices in an effort to offset cost increases in energy, salaries and alloy-elements.