Luxembourg, 27 June 2008 – ArcelorMittal announces it 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 €/t. Cold rolled and coated flat product prices will be adjusted in price accordingly.
Commenting, Olli-Matti Saksi, VP Sales and Marketing of ArcelorMittal Flat Carbon Europe said: "This further adjustment is a direct result of a robust demand throughout most of Europe as well as on the global market. 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 finalise prices for contracts to be delivered in October by mid-July.
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