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U.S. Steel raising flat-rolled prices, analyst says |
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U.S. Steel raising flat-rolled prices, analyst says

| Friday, July 6, 2012 12:01 a.m

U.S. Steel Corp. is raising prices on flat-rolled products by $40 a short ton, according to a Wall Street analyst.

Anthony B. Rizzuto Jr. of Dahlman Rose and Co. said the change was communicated in a letter to sales managers and customers and brings prices to about $630, matching recent increases by other companies.

U.S. Steel spokeswoman Erin DiPietro said the company only discusses prices directly with customers, and otherwise declined to comment Thursday on the report.

Rizzuto said other producers are likely to match the increases, and this could bring buyers to market.

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