Corus raises strip products prices in Europe with effect from 1 April 2008

15 Feb 2008

Corus is confident that this price increase is fully supported by current market conditions. A Corus spokesman comments: "Throughout Europe we see a healthy steel strip market with strengthening demand and normalising import and inventory levels."

He adds: "The level of increases of raw material cost are yet to be determined but they will have an effect on the market dynamics and further price increases can therefore not be excluded."

ENDS

Annanya Sarin, Corporate Relations, Tel: +44 (0)207 717 4532

Corus is Europe's second largest steel producer with annual revenues of over £11 billion and a crude steel production of about 20 million tonnes. With main steelmaking operations primarily in the UK and the Netherlands, Corus provides innovative solutions to the construction, automotive, packaging, mechanical engineering and other markets worldwide. Corus is a subsidiary of Tata Steel, the world's sixth largest steel producer. With the recent acquisition of Corus, the combined enterprise has an aggregate crude steel production capacity of over 28 million tonnes with approximately 82,700 employees across the four continents.