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Steelmakers Drive A Hard Bargain


In Business This Week

STEELMAKERS DRIVE A HARD BARGAIN

Some steely moves by the industry are raising inflation jitters. LTV sources confirm that the company has wrested 10% price hikes on rolled steel from Chrysler for the 1995 model year--although Chrysler Chairman Robert J. Eaton says no contracts have yet been signed. Such an increase, four times as high as other recent agreements, could encourage rival suppliers to demand big hikes. Indeed, on Aug. 2, Weirton Steel followed LTV and Bethlehem Steel with a 5% across-the-board price increase for its products, effective Jan. 1, 1995.EDITED BY THANE PETERSON


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