NAS said unlikely to follow Aug. hike

Jul 21, 2014 | 11:36 AM | Rey Mashayekhi

Tags  North American Stainless, Allegheny Technologies, AK Steel, Outokumpu Stainless USA, stainless steel, stainless prices, Metals Service Center Institute, MSCI Rey Mashayekhi

NEW YORK — North American Stainless Inc. (NAS) is not expected to follow stainless steel base price increases slated for August by Allegheny Technologies Inc. (ATI), according to market sources.

Pittsburgh-based ATI earlier this month said that a previously announced stainless base price increase was being delayed to Aug. 4 (, July 7). The increase, originally scheduled to take effect July 7, will raise prices across of a variety of products (, June 16).

While ATI’s July price move was followed by similar announcements from West Chester, Ohio-based AK Steel Corp. (, June 24) and Calvert, Ala.-based Outokumpu Stainless USA LLC (, June 26), industry leader NAS gave no indication that it would follow.....

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