ArcelorMittal Commercial Sections SA, after reviewing August scrap prices in the European market, has announced its scrap surcharge on all beams and sections for September deliveries, according to a statement released by the company.
Thus, the scrap surcharge effective for deliveries as of September 1, 2009, is €103/mt ($148/mt). The company's August scrap surcharge was €76/mt ($109/mt). Also, the producer has indicated that the new surcharge has taken into account a 10 percent yield loss of scrap in the steel production process.
€1 = US$1.43344