12. February 2014
Dillinger Hütte, Europe's leading heavy plate producer, is raising its price for heavy plate by €30/t, effective immediately, for deliveries starting in the second quarter of 2014. The price increase has already been announced to customers during discussions.
After a long period of prices remaining stable at extremely low levels, Dillinger Hütte considers this step to be in line with the market. Positive developments in the European market as well as in international markets appear to support this assessment. Major projects have been given the go-ahead in the pipe plate market, which has significantly reduced surpluses in the market. Major Asian heavy plate manufacturers have also once again achieved good utilization of capacities, which supports the international project business. With the price increase, Dillinger Hütte is trying to achieve needed improvement in its strained earnings situation, in the face of high raw material and energy costs. The structural and cost-cutting program DH 2014, which is currently being implemented, will also continue to contribute to this effort.
Innovative top-quality steel products, total orientation around our customers' needs and unceasing technological development in close cooperation with our partners form the basis of our success - as they have for more than 333 years.
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