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RPT-Spain's Acerinox sees base price improving in Q2

Tue Feb 26, 2008 6:56am EST
 
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MADRID, Feb 26 (Reuters) - Spanish steel maker Acerinox (ACX.MC: Quote, Profile, Research, Stock Buzz) said on Tuesday it expects the base price of its stainless steel to improve in the second quarter of this year.

"We have the impression that base prices are going to continue to improve. I think during the second quarter", said Chief Executive Officer Rafael Naranjo.

In November, the base price was 950 euros a tonne, the worst price in a decade. (Reporting by Ben Harding)

 

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