Corus announces price increases for UK reversing mill plate and structural sections
28 May 2008
Corus Construction & Industrial has announced increases in the price of UK reversing mill plate and structural sections.
Global demand for reversing mill plate continues to be strong in all plate-consuming market sectors. At the same time all steel manufacturers, including Corus, continue to incur significantly higher costs for raw materials and energy. As a consequence, Corus will be increasing prices for reversing mill plate by £60 per tonne effective to all dispatches from 29 June 2008.
Corus will also be raising prices for structural sections by £90 per tonne. This change will apply to all structural sections despatched from 3 August 2008. The price increases are a direct consequence of high global demand for steel driving dramatic increases in the cost of raw materials.
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 around 28 million tonnes with over 82,000 employees across four continents.
Corus, Corporate Relations
Tel: +44 20 7717 4444
