ArcelorMittal to drop steel prices while fighting Kumba

By Andy Rice 28 July 2010

ArcelorMittal will drop the R600 per ton surcharge it added to local steel prices in March, amid its dispute with Kumba, and instead add around two-thirds of that extra cost into its regular pricing. Which equates to a reduction in steel prices right now, but if Arcelor wins its argument about higher ore prices with Kumba (as it continues to insist is inevitable), it will more easily be able to hang on to at least a portion of that now-included surcharge. Mining MX

0

Gallery

While we have your attention...

An increasingly rare commodity, quality independent journalism costs money - though not nearly as much as its absence.

Every article, every day, is our contribution to Defending Truth in South Africa. If you would like to join us on this mission, you could do much worse than support Daily Maverick's quest by becoming a Maverick Insider.

Click here to become a Maverick Insider and get a closer look at the Truth.


#GUPTALEAKS

How the Guptas tore through red tape to hire Indian nationals illegally

By Jean le Roux for News24

Towns near Fukushima are now being plagued by hordes of rampaging radioactive wild boars. Where are Asterix and Obelix when you need them?