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Tuesday, November 8, 2011

ArcelorMittal S.Africa raises steel prices

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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