ArcelorMittal moves to brake sheet hikes
Dec 20, 2010 | 12:45 PM
|
ArcelorMittal USA is moving to slow the rapid run-up in steel sheet 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.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here