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Corus Long Products Announces Immediate Price Rise
01/29/2010 - Corus Long Products is raising prices for a wide range of its products by at least £60 per tonne, in reaction to higher input costs.
Corus Long Products is raising prices for a wide range of its products by at least £60 per tonne, in reaction to higher input costs.
The company says that the increase, which takes into account rising international demand and prices for the affected products, will align its prices with those in the rest of Europe.
The price rise applies to all of Corus’ sections, plate, wire rod, bar, special profiles, and merchant billet output and takes effect immediately for all orders that are not part of existing contractual agreements.
Corus is Europe's second largest steel producer. With main steelmaking operations primarily in the U.K. and the Netherlands, the company supplies steel and related services to the construction, automotive, packaging, mechanical engineering, and other demanding markets worldwide. Corus is a subsidiary of Tata Steel, one of the world’s top ten steel producers. The combined enterprise has an aggregate crude steel capacity of more than 28 million tonnes and approximately 80,000 employees across four continents.
