ArcelorMittal SA To Raise Prices, Sources Steel For Newcastle Loss
02 Septiembre 2011 - 9:59AM
Noticias Dow Jones
ArcelorMittal South Africa Ltd. (ACL.JO) said Friday that it
will raise steel prices from October and that it has secured
additional supply from other company mills worldwide following the
accident in Newcastle in August.
Prices for long steel products will increase by between 300 rand
($43) a metric ton and ZAR600 a ton, depending on the product and
grade, from Oct. 1.
The steelmaker, a unit of largest steelmaker ArcelorMittal (MT),
said it had secured about 240,000 tons of steel from external
sources, mostly from ArcelorMittal mills in other parts of the
world.
The steel will be supplied to local South African markets from
the middle of October, the group said.
In August, the company said a part of its Newcastle facility
collapsed and it would take three months to fix the blast furnace.
The company then estimated it would lead to the loss of about
400,000 tons of steel.
-By Devon Maylie, Dow Jones Newswires; +27 11 783 7848;
devon.maylie@dowjones.com
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