ArcelorMittal SAfrica to up product prices from April

Fri Mar 4, 2011 2:21pm GMT

JOHANNESBURG, March 4 (Reuters) - ArcelorMittal South Africa (ACLJ.J: Quote), a unit of the world's biggest steel maker (ISPA.AS: Quote), said on Friday it would raise prices for its flat and long steel products by up to 4.9 percent from the start of April.

The unit said in a statement that it would increase prices for hot rolled coil by 3.5 percent, for plate and cold rolled coil by 3.1 percent and galvanised coil by 2.83 percent.

Prices for long steel specialty products would rise by 4.9 percent, it said. (Reporting by Ruona Agbroko; editing by Jason Neely,sourced:Thomson Reuters)