ArcelorMittal to Increase U.S. Prices by $250 a Ton
April 16, 08 by TheFleetIf you're new here, you may want to subscribe to our RSS feed. Thanks for visiting!
By Dale Crofts | Source: Bloomberg
ArcelorMittal, the world’s largest steelmaker, plans to boost prices on some steel shipments in the U.S. by $250 a ton, or about 33 percent of current prices, to recoup surging costs for energy and iron ore.
The surcharge will be added to contracted orders of flat- rolled steel for shipment May 5 and later…. ArcelorMittal is trying to take advantage of soaring global demand to pass on higher costs for iron ore, the main ingredient in steel, and the energy to produce and ship the metal.
U.S. steel prices are climbing even as demand stagnates because higher prices in other regions and a weak dollar are attracting the exports usually destined for North America.
