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Schnitzer Steel Industries, Inc. Message Board

  • ajetjock ajetjock Nov 6, 2012 12:44 PM Flag

    Steel Price Increase ! Great news.

    November 6, 2012
    10:11 EDT X, SCHN, AKS, STLD Steel makers rise after AK Steel announces price hike
    A number of steel companies are advancing after AK Steel (AKS) announced last night that it would increase the price of all carbon steel products by $50 per ton. The increase will be implemented immediately on all new orders, the company said. In early trading, AK Steel climbed 3.38% to $5.50, United States Steel (X) rose 3.60% to $21.89, Schnitzer Steel (SCHN) added 1.67% to $29.80 and Steel Dynamics (STLD) gained 2.78% to $13.68.

    Sentiment: Strong Buy

 
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