Skip Navigation

Capital market-relevant press releases, 2002-07-25, 02:00 AM

New price steps for carbon steel flat products

The competitive situation on the European steel market has eased increasingly over recent months. Demand has shown a positive trend since the beginning of the year and reached a high level. Against this background ThyssenKrupp Stahl succeeded in implementing the 30 euros/t price increase announced for flat carbon steel products at July 1, 2002.

To regain a satisfactory revenue level following the price falls in 2001, the following further steps are planned:

For supplies from October 1, 2002 ThyssenKrupp Stahl will increase prices for all flat carbon steel products by a further 20 euros/t. With a 3-month order backlog, new orders for the 4th calendar quarter will be booked at the new prices with immediate effect.

Effective January 1, 2003 the quarterly prices will again be increased by a similar margin.

Likewise from the beginning of 2003, the annual agreements with key customers will be subject to a substantial price increase to reflect the various price increases implemented in the course of 2002 for other supplies.

Contact:

Erwin Schneider
Tel.: ++49 (0) 2 03 / 52 - 2 56 90
Fax: ++49 (0) 2 03 / 52 - 2 57 07
e-mail: erwin.schneider@tks.thyssenkrupp.com

Dietmar Stamm
Tel.: ++49 (0) 2 03 / 52 - 2 62 67
Fax: ++49 (0) 2 03 - 52 - 2 57 07
e-mail: dietmar.stamm@tks.thyssenkrupp.com

To the top