stelco delays rise in price for bars but may act later - polyester film price
On July 7, 1976, this was a digital version of an article in The Times Print File, before it began to be published online in 1996.
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Steel Canada admitted yesterday that it delayed an average price increase of $18 per ton for various bar products originally scheduled to take effect on June 28. J.
However, Peter Gordon, chairman of Canada's largest steel maker, insisted that Stelco had not decided to "back off" this growth ".
At the same time, it is understood that the Canadian steel company and Algoma Steel Company plan to increase the price of steel plates by 8%, or $24 per ton, from August. 1.
TD foundry and Steel said they were "studying" the proposed plate growth.
Steel industry watchers in Canada said Stelco postponed the price increase to August.
Other producers chose not to follow suit due to weak construction, automobile, agricultural machinery and mining markets in Canada.
Algoma, who produced a limited number of bar products, said it had raised prices in June 28, but was unaware that Stelco had delayed the operation.
In other pricing sections, Crown Zellerhach Corporation said its flexible packaging division increased the price of puch stacks made of paper, film and foil by 3%, starting yesterday
These products are mainly used for food packaging of instant soup and breakfast products and sauces.
Celanese plastics, a division of Celanese Corporation, said that since August, the price of its Celanar 2000, 3000, 4000 and 5000 series of polyester films will increase by 7 to 13%. 1.
Prices are also rising in international markets.
Polyester film is used in tape, copy, metal, electrical and other industries.
A version of the file was printed on page 59 of the New York edition on July 7, 1976 under the title: Stelco delayed the bar price increase, but may take action later.