Tuesday, Nov8, 2011
JOHANNESBURG Nov 8 (Reuters) - ArcelorMittal South Africa , a unit of the world's top steelmaker, has increased steel prices effective Nov. 1, the company said on Monday.
The steelmaker said prices for flat steel products would increase by between 3 and 6 percent, depending on the product, while prices for long steel products would be raised by between 4 and 8 percent.
The company said last week that higher costs and lower steel prices hit earnings in the three months to end September.
(sourced Reuters)
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