Spain's Acerinox raises base prices by 50 euro/tonne in Europe

MADRID Tue Oct 2, 2012 9:32am EDT

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MADRID Oct 2 (Reuters) - Spanish steel producer Acerinox said on Tuesday it has decided, with immediate effect, to raise it base prices by 50 euros ($64.53) per tonne in Europe.

"This is one of the measures Acerinox is taking to return to reasonable margins after a long period of stainless steel price deterioration and increases in raw materials and supplies," Acerinox said in a statement to the market regulator. ($1 = 0.7749 euros) (Reporting By Paul Day; Editing by Jesus Aguado)

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