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Company News, 2001-07-25, 02:00 AM

Price increases for flat steel

Thyssen Krupp Stahl AG is to increase its prices for hot strip, cold-rolled sheet and coated products by Euro20/t after the summer vacation, with effect from October 1, 2001 at the latest. The production cutbacks in the summer quarter have contributed to a market stabilization so that the climate for a price recovery has improved, especially on the core Western Europe market. ThyssenKrupp Stahl expects that destocking by customers will come to an end toward the end of the fiscal year (September 30), at which time demand will again be in line with actual steel consumption. Consumption remains at a high level due to good capacity utilization levels in most steel-using sectors. The capacity utilization trend in the automobile industry in particular is assessed positively.

Duisburg, July 25, 2001

Dietmar Stamm
Thyssen Krupp Stahl AG
Public Relations
Kaiser-Wilhelm-Straße 100
47166 Duisburg
phone.: +49 203 52 26 267
fax: +49 203 52 25 707

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