Alcoa Inc. Investors like the Price Increase
Submitted by Bret Beaupain on Mon, 08/03/2009 - 16:19.
Alcoa Inc. (NYSE:AA) recently increased pricing to customers which seems to please investors as the stock closed at $12.60/share, up 7.14% from its previous close. Not bad...
Alcoa Inc. said its North American Rolled Products division increased prices by $0.02 a lb for building and construction common alloy coil products. The price increase is effective with new orders placed on or after July 28.
Alcoa Inc. sent note to customers last week to announce the conversion price increase for shipments scheduled on or after Aug. 31. All existing orders and firm agreements confirmed before July 28, will be honored, the Alcoa notice said.
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