NEW YORK ATI Allegheny Ludlum Corp. will institute a
two-part base price increase on several of its stainless steel
products, similar to recent announcements from two of its
Effective with shipments beginning on Aug. 1, 2013, ATI
Allegheny Ludlum is increasing base-selling prices for all
200-series grades, 300-series grades, and ATI 430 cold-rolled
sheet and strip, hot-roll and cold-rolled tubular quality sheet
and strip, and Precision Rolled Strip products, the
company said in a letter to customers.
This price increase will be achieved by reducing the
functional discount by two percentage points. The polish
discount on all grades will be lowered by 10 percent. ATI
Allegheny Ludlum is also increasing base-selling prices by 4
cents per pound on all hot-roll and continuous-mill plate and
plate-mill plate products.
The company will enact identical price increases effective with
shipments on Oct. 1.
Ludlum, a division of Pittsburgh-based Allegheny Technologies
Inc., said the move is necessary to support continued
growth and investment in our business.
North American Stainless Inc. and AK Steel Corp. announced
similar base price increases on July 29 and July 30
amm.com, July 30
ATI and other stainless steel producers have struggled to
establish higher base prices for a sustained period in 2013,
with ATI chairman, president and chief executive officer
Richard Harshman telling AMM
in May that announced
base price increases effective May 6 had failed to take hold in
the market (
amm.com, May 14
When you see a base price increase that is meaningful and
holds for a sustained period of time, that is indicative of
improving fundamentals, he said at the time. Until
you see that change, which has to be a fundamental drive, the
stainless market is going to be a challenge.