- Air Products (NYSE:APD +0.8%) says it will raise prices for its liquid and bulk industrial gas products for North American customers, effective July 1.
- The increases will include add as much as 20% to the price of liquid and bulk helium (used in the aerospace sector), 15% for liquid argon and microbulk (used in welding), and 10% for liquid and bulk hydrogen (used in rocket systems).
- APD says the moves are in response to "continued low operating rates in the steel market, increasing operational costs and delivery costs associated with specific regional supply and demand imbalances."