Corus announces price increases for reversing mill plate and structural sections

23 Apr 2008

Global demand for reversing mill plate and structural sections continues to be strong. At the same time steel manufacturers, including Corus, continue to incur significantly higher costs for raw materials and energy.

As a consequence, Corus will be increasing basis prices for reversing mill plate by £60 per tonne effective to all dispatches from 1 June 2008. It will also be raising basis prices for structural sections by £80 per tonne. This change will apply to all structural sections despatched from 29 June 2008.

The price increases are a direct consequence of high global demand for steel driving dramatic increases in the cost of raw materials.

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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 around 28 million tonnes with over 82,000 employees across four continents.