Stainless base price hikes in doubt

Apr 24, 2013 | 03:06 PM | Daniel Fitzgerald

Tags  stainless steel, price increase, ATI, AK Steel, North American Stainless, Richard Harshman, NAS, Allegheny Ludlum Outokumpu Stainless

NEW YORK — ATI Allegheny Ludlum Corp. says previously announced base price increases on several stainless steel grades are not gaining traction, with other stainless producers reportedly rescinding their own price increases.

Richard Harshman, chairman, president and chief executive officer of Pittsburgh-based parent Allegheny Technologies Inc., said during an April 24 conference call with analysts that the "recently announced base price increase that would have been effective May 6 has not been accepted in the market."....

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