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
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."
The Brackenridge, Pa.-based
company announced price increases April 9, claiming they were
necessary "to support continued growth and investment" (
amm.com, April 9).
West Chester, Ohio-based
steelmaker AK Steel Corp. declined to comment on pricing when
contacted by AMM on April 24, although chairman,
president and chief executive officer James L. Wainscott
reiterated his companys planned price increase during an
April 23 conference call with analysts.
"Stainless steel sales activity
has remained steady with a slight uptick recently, and to
reflect increasing demand and recover our costs we recently
announced a stainless steel price increase on new orders," he
The company said April 12 that
it would increase base prices for all 200-, 300- and 400-series
flat-rolled stainless steel products effective with May 6
amm.com, April 12).
North American Stainless Inc.
(NAS) confirmed to AMM that the company "did not elect
to raise base prices" recently, while Calvert, Ala.-based
Outokumpu Stainless USA LLC declined to comment.
Market sources told AMM
that NAS dominance of the domestic market has made it
difficult for rival producers to implement price increases if
Ghent, Ky.-based NAS doesnt do the same.
"Three of the mills increased
prices, but NAS didnt so they all backed down," one
distributor in the South said.
"NAS (products) are 50 percent
of the market, so its difficult without their support," a
Northeast distributor said.