Corus to raise engineering steel prices from 1st May 2008

20 Mar 2008

Raw material and energy costs are rapidly escalating to unprecedented levels and as a result CES will be raising prices for Bright Bar sales in the UK. With effect from 1st May base prices will be increased by a minimum of £40 per tonne across the entire product range for all deliveries.

As the global demand for steel continues to grow it is envisaged that availability will remain an issue over the coming months and therefore we anticipate further base price increases will be applied in Quarter 3.

Commercial enquiries can be directed to the CES Commercial Team, who will also be contacting customers.

For further information, please contact Annanya Sarin +44 (0) 207 7174532

Corus is Europe's second largest steel producer with annual revenues of over £10 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 and second most global steel producer. With a combined presence in nearly 50 countries, Tata Steel including Corus has 84,000 employees across five continents.