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US stainless base price hikes struggle to gain acceptance
April 25, 2013 - 16:05 GMT
US stainless base prices
ATI Allegheny Ludlum
North American Stainless
Base price increases implemented by ATI Allegheny Ludlum on several stainless steel grades are not being accepted by the market, according Richard Harshman, ceo of parent company Allegheny Technologies.
In a conference call with analysts on Wednesday April 24,
Harshman, who is also chairman and president of the
Pittsburgh-based company, said that the "recently
announced base price increase that would have been effective on
May 6 has not been accepted in the market". The Brackenridge,
Pennsylvania-based company announced price increases on April
9, claiming they were necessary "to support continued
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Euromoney Institutional Investor PLC.
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