November 22, 2008

ArcelorMittal to increase wire rod prices in US

In order to reflect the increased cost, recently ArcelorMittal Long Carbon North America has announced to raise the wire rod price by USD 120 per short ton from June 16th 2008.

The reasons to raise the prices by ArcelorMittal are rising cost of raw materials and the strong demand. The company raised its wire rod price in May by USD 60 per short ton.

Meanwhile, Ipsco is also raising the price by USD 170 to USD 270 per short ton effective June 29th 2008.