Corus Tubes announces price increase for Hybox 355 - Cold formed hollow section

05 Feb 2008

Corus Tubes has announced a price increase of £50/t for its Hybox 355 cold-formed hollow sections from the end of the first quarter.

The price increase has become necessary due to the rapidly increasing steel production costs, principally resulting from higher raw material prices affecting much of the industry.

Further price increases are expected to follow in the second quarter of 2008.

Commercial enquiries should be directed to the normal sales contact at Corus Tubes.

For further media enquires, please contact:

Annanya Sarin, Corporate Relations, Tel: +44 (0)20 7717 4532

Sarah Middleton, Corus Tubes, Tel: +44 (0)7775 676259 (trade press)

Notes to editors:

Corus Tubes is a leading manufacturer of hot finished and cold formed welded steel tubes used in the construction, engineering, energy, automotive and precision tubing markets. The product range includes, structural hollow sections, large diameter pipe, precision tubes, cold drawn tubes and coated tubes. Employing 2,300 people across 4 countries, Corus Tubes has 10 manufacturing sites/sales offices in the UK at Corby, Hartlepool, Halesowen, in the Netherlands at Zwijndrecht, Arnhem, Oosterhout, Maastricht, Belgium and Poland.

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 28.1 million tonnes with approximately 82,700 employees across the four continents.