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Company News, Capital market-relevant press releases, 2004-02-24, 01:00 AM

Price increase for stainless steel flat products

ThyssenKrupp Nirosta GmbH, Germany, and ThyssenKrupp Acciai Speciali Terni S.p.A., Italy, will be raising their base prices by 50 euros per metric ton for deliveries from May 1, 2004. The price increase applies to all flat-rolled products of stainless and heat-resistant steels for delivery to all countries in Europe.

The reasons for this decision are continued substantial cost increases for starting materials - in particular scrap - which are not covered by alloy surcharges, as well as significantly increased energy costs.

This price increase does not comprise the development of alloying elements, which will be invoiced as previously in the form of alloy surcharges.

Part of the Stainless Steel business unit, the two European stainless companies produce flat-rolled products of stainless and heat-resistant steels and rank among the leading manufacturers in Europe. In fiscal 2002/2003, ThyssenKrupp Nirosta produced 1.1 million metric tons of stainless flat products and achieved sales of 1.8 billion euros. ThyssenKrupp Acciai Speciali Terni had sales of 1.5 billion euros and production of just less than 1 million metric tons.


ThyssenKrupp Steel
Erwin Schneider
Tel.: +49 203 / 52 - 2 56 90
Fax: +49 203 / 52 - 2 57 07

Dietmar Stamm
Tel.: +49 203 / 52 - 2 62 67
Fax: +49 203 / 52 - 2 57 07

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