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

MADRID, Oct 2 (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 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. ($1 = 0.7749 euros)

(Reporting By Paul Day; Editing by Jesus Aguado)

((paul.e.day@thomsonreuters.com; +34 91 585 83 08; Reuters Messaging: paul.e.day.thomsonreuters.com@reuters.net))

Keywords: SPAIN ACERINOX/