Press releases

Peiner Traeger seeks higher section prices from January - 16 November 2011

The new price levels are effective for all new orders for January 2012 deliveries and will cover the whole range of small, medium and heavy sections, the company says in a statement sent to Steel Business Briefing.

The increase is driven by the anticipation of higher production costs in 2012. European section stock levels are expected to be low at the end of 2011, so that in January demand should recover significantly, Peiner Traeger says.

Other European mills have also confirmed their intention of seeking higher prices in the first quarter of next year. Section prices have fallen by as much as €50/t since peaking in April, SBB’s data show.

 

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