Tata Steel Europe is to raise its prices in Europe from March 1 for hot and cold rolled, hot dipped galvanised as well as organic coated strip products.
The extent of the increases will vary depending on specification and geography, but will range from 10-15% for core business, raising basis prices for hot rolled coil to at least €450/t.
A Tata Steel Europe spokesman said: “We are announcing these increases in view of current market conditions and increased input costs. We are reviewing further increases for April and the rest of the second quarter of this year.”
About Tata Steel Europe
Tata Steel Europe is Europe's second largest steel producer. With main steelmaking operations in the UK and the Netherlands, Tata Steel Europesupplies steel and related services to the construction, automotive, packaging, mechanical engineering and other markets worldwide.
Tata Steel Europe 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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