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  • Corus increases reversing mill plate price by £60

    7 Jun 2010

    Corus has increased transaction prices for reversing mill plate by £60 per tonne on all new orders from June 4.

     

    The increase is driven by further rises in raw material costs and continued improvements in demand for steel plate.

    Paul Parkins, Corus Commercial Manager, Plates, said: “We’ve seen a sustained recovery in demand for reversing mill plate following the economic downturn, particularly in northern Europe and North America.

    “Stocks in Europe are at low levels and we believe the pressure on supplies will continue to increase. Consequently, mill lead times have extended significantly this year.

    “At the same time steelmakers are facing increased production costs relating to continuing upward movement in raw material costs. The weakness of the euro and sterling against the dollar is adding to these cost pressures.”

    Corus raised reversing mill plate prices by £60 from February 7, by £60 from March 22 and by £80 from April 23.

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    About Corus

    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.

    For further information, please call

    Bob Jones
    Tel. +44 (0) 207 717 4532
    bob.jones@corusgroup.com