October 2, 2012 / 1:37 PM / 5 years ago

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

MADRID (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 metric 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.

Reporting By Paul Day; Editing by Jesus Aguado

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