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ArcelorMittal SAfrica to cut some prices from Nov
By: AFX | 30 Oct 2009 | 08:46 AM ET
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JOHANNESBURG, Oct 30 (Reuters) - ArcelorMittal South Africa , a unit of the world's top steelmaker, said on Friday it would reduce prices for some of its products from November, in line with international benchmarks. The unit said rebar and wire rod prices will fall by around 3.5 percent, with other long steel product prices unchanged. Plate prices will fall by around 5 percent, with prices for other flat steel products left at previous levels. "The price adjustments are the result of our monthly benchmarking exercise based on international price trends and the rand/U.S. dollar exchange rate," spokesman Sven Lunsche said in a statement. (Reporting by Agnieszka Flak) Keywords: ARCELORMITTALSAFRICA/ (agnieszka.flak@reuters.com; +27 11 775 3154; Reuters Messaging: agnieszka.flak.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

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