UPDATE 2-Salzgitter, Thyssen to hike Q3 steel prices

Newswire

(Adds ThyssenKrupp price increase plans) HANOVER, Germany, April 25 (Reuters) - Germany's two biggest steelmakers said on Tuesday they intend to raise prices in the third quarter, keeping upward pressure on raw materials prices. Salzgitter will increase steel prices by an average 50 euros ($62) per tonne, or 7 to 8 percent, in the quarter, Chief Executive Wolfgang Leese said. He also told reporters at a trade fair that contrary to expectations, Germany's second-largest steel company ...

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