ArcelorMittal moves to brake sheet hikes

Dec 20, 2010 | 10:29 AM |

ArcelorMittal USA is moving to slow the rapid run-up in sheet steel pricing by guaranteeing customers it will hold the line on pricing through the end of March.

The news came as a sign of relief to some steel buyers, who have been battered with five sheet steel prices totaling about $150 per ton over the past five weeks. Those moves have pushed hot-rolled sheet prices to about $710 per ton at the high end of the spot market from $560 per ton during that five-week span—an increase of some 27 percent.....

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