July 05, 2008

ArcelorMittal Inox raises SS prices by 30% in Brazil

ArcelorMittal Inox has confirmed the news that it will increase its stainless steel price by 30% in response to increasing raw material costs, such as iron ore, nickel and coal, over the next six months.

Reportedly, ArcelorMittal Inox has about 80% of stainless steel market share in Brazil. In Brazil, 90% of the stainless steel output is flat product, which consumed 250,000 tonnes of stainless steel flat products last year.

(Sourced from Yieh.com)