ThyssenKrupp will increase steel prices by 20%

Steelmaker ThyssenKrupp in April 2011 could increase prices for steel products. On it informs Bloomberg. It is assumed that the cost of the metal will rise by 20%. Recall that ThyssenKrupp in the I quarter of 2010-2011 fiscal year, increased its net debt by 53%, to 5.81 billion euros. Debts of the corporation increased as a result of increasing costs for construction of new refineries, increase in net working capital and reserves. Previously reported that ThyssenKrupp in the I quarter of 2010-2011 fiscal year compared to the same period last year to reduce net income available for distribution to shareholders at 13,4%, to 142 million euros. Revenues of the corporation in a given period has increased by 21,6% and reached 11.37 billion euros. A year earlier the figure was estimated at 9.35 billion euros. ThyssenKrupp is one of the largest technology corporations in the world. The competence of the group includes such areas as industrial goods and services, as well as five segments: steel, stainless steel, elevators / escalators, technology and service. Ministry of Industry