Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Thyssen Lifts Flat Steel Prices
Nov 12, 2003
 Printable format
 Email this Article
 Search

German steel and engineering group ThyssenKrupp AG said on it would increase flat carbon steel prices by 20 euros per ton from the beginning of next year in a bid to counter rising cost pressure.

"This price increase is urgently needed to offset increasing cost pressure," the world's number four flat carbon steel producer said in a statement. It said the cost of obtaining ore and blast-furnace coke had risen significantly in the course of this year, with a sharp rise in sea freight rates also putting on pressure, and said it anticipated a further rise in raw material costs in 2004.

The group, which also supplies car parts and makes elevators and cruise liners, in August posted broadly flat profits at its core steel unit for its fiscal third quarter. It said at the time that it was no longer running all of its factories at full capacity as sagging demand and rising imports had increased supply and pricing pressure in Germany and Europe.

Carbon steel accounts for the bulk of Thyssen's steel production. (Reuters)

Back to Daily News

 

Daily News

...........................................................

Oct 31, 2014: Whirlpool Completes Acquisition of Majority Stake In Hefei Sanyo

Oct 30, 2014: Whirlpool Corp. reports strong third-quarter

Oct 30, 2014: Statistical Portrait of the European Appliance Industry Released by Appliance Magazine

Oct 30, 2014: New Whirlpool acquisition Indesit reports profit for year so far

Oct 30, 2014: Consumer Confidence Index rebounds in October

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows