Arcelor Sections announces September surcharge

Arcelor Sections Commercial, after reviewing the August scrap prices in the European market, 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 September 1, 2006, will be Euro 111 per ton. The August surcharge on the same products was Euro 121 per ton.