-(1)-Reinhausen-(1).jpg?lang=en-US&ext=.jpg)
Veolia.gif?width=200&height=200&mediaprotectionhash=4deca34a0d5a00013b5a0ccdc2dcf98fd2c17aabb57eb7bbb27200552f29c247&ext=.gif)
ArcelorMittal Adjusts Flat Carbon Steel Prices for European Market
06/30/2008 - ArcelorMittal adjusts its prices for flat carbon products in Europe, bringing the new base price level for Hot Rolled Coil to 770 €/tonne.
ArcelorMittal has adjusted its prices for flat carbon products in Europe for new bookings with delivery scheduled for September 2008.
The new base price level for Hot Rolled Coil will be 770 €/tonne. The company said that process for cold rolled and coated flat products would be adjusted accordingly.
“This further adjustment is a direct result of a robust demand throughout most of Europe as well as on the global market,” said Olli-Matti Saksi, VP Sales and Marketing of ArcelorMittal Flat Carbon Europe. “We expect that the tight global supply situation and ongoing cost increases will result in continued upward pressure on steel prices in forthcoming quarters.”
ArcelorMittal is aiming to finalize prices for contracts to be delivered in October by mid-July.
ArcelorMittal is the world's largest integrated metals and mining company, with over 310,000 employees in more than 60 countries. The company leads a number of major global markets, with leading R&D and technology, as well as sizeable captive supplies of raw materials and strong distribution networks. An industrial presence in over 20 countries across 4 continents exposes the company to key steel markets, from emerging to mature.
ArcelorMittal’s key financials for 2007 show revenues of USD 105.2 billion, with a crude steel production of 116 million tonnes, representing around 10% of world steel output.
