Capital market-relevant press releases, 2005-11-08, 12:31 PM
Price increases for flat-rolled carbon steel effective January 1, 2006
The Western European market for flat-rolled carbon steel has stabilized once again. Steel customers have largely cleared their inventories and imports from outside the EU have eased. Against the background of improved demand, effective January 1, 2006 ThyssenKrupp Steel AG will be increasing its prices by EUR20/t for hot-rolled, cold-rolled and coated products and non-grain-oriented electrical steel sold under quarterly contracts. There is still some catching up to do to compensate for the cost pressure affecting raw material and energy purchases.
Significant price rises are to be implemented effective January 1, 2006 when renegotiating long-term contracts with major customers, as hardly any allowance has yet been made in this area for the high cost increases over the course of this year.
This press release is also available on the internet at: www.thyssenkrupp-steel.de