United States Steel raised some prices.
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The company said it raised prices about 3% for steel used in automobiles, appliances and other consumer goods. The nation’s largest steel producer said the changes would be effective May 5, although commitments beyond that date, including orders from major customers, will be honored. The announcement was the second round of price increases put into effect this year as U.S. producers attempt to eliminate the deep discounts that they had been giving to compete with cheap foreign products amid sluggish demand.
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