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Ludlum backpedals on stainless price hike after NAS move

February 05, 2012 - 02:20 GMT Location: New York

KEYWORDS: NAS , Allegheny Ludlum , ATI , flat-rolled stainless , 304 , 316

Allegheny Ludlum Corp. has revised its January price increase following a recent announcement by North American Stainless Inc. (NAS) that it would raise prices for only some flat-rolled stainless products.

Ludlum also said it would raise prices on emissions control alloys and bright anneal finishes by 4 cents per pound and increase precision rolled strip prices by 5 percent to 12 percent.

Ghent, Ky.-based NAS announced on Jan. 27 that it would only raise prices for its 201, 301 and 430 grades effective with March 1 shipments (AMM, Jan. 30).

"That’s only a very small part of what they do," a distributor in...

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