September 07, 2008

Corus announces heavy price increases for plate and sections

Corus Construction & Industrial based in Scunthorpe has announced increases in the price of reversing mill plate and structural sections.

It said that “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.”

The release added that “As a consequence, Corus will be increasing basis prices for reversing mill plate by GBP 60 per tonne effective to all dispatches from June 1st 2008. It will also be raising basis prices for structural sections by GBP 80 per tonne. This change will apply to all structural sections dispatched from June 29th 2008.”