Acerinox sees N. America demand rise

Jul 22, 2014 | 06:48 PM | Rey Mashayekhi

Tags  North American Stainless, NAS, Acerinox, earnings report, stainless steel, Allegheny Technologies, Rey Mashayekhi

NEW YORK — Stainless steel demand in North America increased 6 percent year on year in the second quarter, according to North American Stainless Inc. (NAS) parent company Acerinox SA.

Ghent, Ky.-based NAS’ stainless output "has therefore gathered momentum," Acerinox said in its July 21 earnings report, with lead times extended and orders being negotiated for after the summer. It noted two price hikes in the second quarter, each at $80 per tonne.....

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