Johannesburg - ArcelorMittal South Africa
[JSE:ACL] a unit of the world’s top steelmaker, has increased steel prices effective from November 1, the company said on Monday.
The steelmaker said prices for flat steel products would increase by between 3 and 6 percent, depending on the product, while prices for long steel products would be raised by between 4 and 8 percent.
The company said last week that higher costs and lower steel prices hit earnings in the three months to end September.