ANNOUNCEMENT OF PRICES INCREASE IN EUROPE

Ending the 4th quarter of the year 2005, stainless steels prices had reached unsustainable levels, nevertheless the inventories has been reduced and demand has normalised. As a consequence, ACERINOX has decided to increase its base prices for cold rolled flat products in February and March, 50 and 60 euros respectively.
Ending the 4th quarter of the year 2005, stainless steels prices had reached unsustainable levels, nevertheless the inventories has been reduced and demand has normalised. As a consequence, ACERINOX has decided to increase its base prices for cold rolled flat products in February and March, 50 and 60 euros respectively.