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Wednesday, May 4, 2011

ArcelorMittal South Africa to leave prices flat for May delivery

Wednesday, 04 May 2011

ArcelorMittal South Africa, a unit of the world's biggest steel maker, said that it would leave prices for its products flat for May 2011, but raise some of them in June 2011.

The company said in a statement that "In respect of June 2011 deliveries, there will be a 4.5% increase on a small proportion of the specialty long steel products."

It added that the unit continues to monitor market developments.(sourced Reuters)

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