Arcelor Sections announces December surcharge

Arcelor Sections Commercial, after reviewing the November scrap prices in the European market, has decided to lower its scrap surcharge on all beams and sections, according to a statement released by the company. Accordingly, the scrap surcharge which will be effective for deliveries as of December 1, 2006, will be Euro 108 per ton. The November surcharge on the same products was Euro 111 per ton.