From RISI -
AbitibiBowater told customers it plans to increase the price of 30-lb (48.8 gm2) newsprint in North America by $60/tonne in the third quarter of 2008. It is the newsprint giant’s third price hike announcement of the year. If fully implemented it will take the rise in North American newsprint prices over just nine months to $180/ton.
As with AbitiBowater’s first and second quarter $60/ton hikes, this one will also be in $20 monthly increments. AbitibiBowater told customers in a May 16 letter that the company continued to experience serious cost inflation, especially in the areas of power, transportation and fiber, and was not yet generating sustainable results. This increase will bring 30 pound standard newsprint to $680/Mton.
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