Wheeling-Pittsburgh Steel Corporation Announces Price Increase
WHEELING, W.Va., March 1 /PRNewswire-FirstCall/ -- Wheeling-Pittsburgh
Steel Corporation (Nasdaq: WPSC) announced today that it will raise
transaction prices $50 per ton with orders scheduled for shipments
effective April 1, 2007.
"This price increase is in response to increased demand for carbon
steel flat rolled products," said Thomas E. Mihelcic, Vice
President-Commercial. "We believe the Domestic Steel marketplace continues
to improve with strong underlying fundamentals and rapidly improving
Service Center inventories. Moreover, Global Steel demand is robust across
all industry segments."
About Wheeling-Pittsburgh:
Wheeling-Pittsburgh was organized as a Delaware corporation on June 27,
1920 under the name Wheeling Steel Corporation. Its headquarters is located
in Wheeling, WV, with major production facilities in the Upper Ohio and
Monongahela valleys. Wheeling-Pittsburgh is a holding company that,
together with its several subsidiaries and joint ventures, produces steel
and steel products using both integrated and electric arc furnace
technology. The Company has slab making production capacity of 2.8 million
short tons and hot rolling capacity of 3.4 million short tons.
Approximately 65 percent of its sales are comprised of high value-added
products.
SOURCE Wheeling-Pittsburgh Steel Corporation
 back to top
Related links:
http://www.wpsc.com
http://www.prnewswire.com/comp/967451.html /
CONTACT:
Jim Kosowski of Wheeling-Pittsburgh Steel
Corporation, +1-304-234-2440
|
