Corus Speciality Steels has increased transaction prices for its aerospace products by between 4% and 10% on orders acknowledged for delivery after 1 January 2011.
The price increase will apply to the full range of air melted and remelted products in ingot, slab, billet, bar and coil form, which are produced at the company’s South Yorkshire sites in the UK.
Richard Lowe, Corus aerospace sales manager, said: “The demand for aerospace products has been increasing throughout the year, which has extended the lead times for materials.
“At the same time the outlook from aircraft manufacturers has improved. We are expecting production levels of large passenger jets, for instance, to increase from next year, which is already generating demand for raw material.”
Corus supplies special steels to aerospace component manufacturers around the world, especially in Europe, North America and South East Asia. The steel, predominantly stainless and low alloy grades, is used in some of the most demanding applications, including landing gear and aircraft engines. Corus supplies steel used in the landing gear of the Boeing 787 Dreamliner, as well as other latest generation aircraft.
Corus is Europe's second largest steel producer. With main steelmaking operations primarily in the UK and the Netherlands, Corus supplies steel and related services to the construction, automotive, packaging, mechanical engineering and other 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.
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