NAS said unlikely to follow Aug. hike
Jul 21, 2014 | 11:36 AM
| 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 (amm.com, July 7). The increase, originally scheduled to take effect July 7, will raise prices across of a variety of products (amm.com, June 16).
While ATIs July price move was followed by similar announcements from West Chester, Ohio-based AK Steel Corp. (amm.com, June 24) and Calvert, Ala.-based Outokumpu Stainless USA LLC (amm.com, June 26), industry leader NAS gave no indication that it would follow.....
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