November 22, 2008

Corus Strip to hike UK flat products by GBP 150 per tonne

Corus Strip Products announced that it will increase the basis prices of its flat rolled products in the UK by at least GBP 150 per tonne

The release said that “Corus Strip Products will increase the basis prices of its flat rolled products in the UK by at least GBP 150 per tonne for Hot Rolled, at least GBP 175 per tonne for Cold Reduced and at least GBP 200 per tonne for Hot Dipped Galvanized and Aluminized, for all orders acknowledged for delivery from 30th June. The increases follow on from Corus Strip Products prices announcements for mainland Europe in May.”

A new price extras list is effective from the same date.

It added that “Recognizing the significant increase in fuel costs, distribution prices will increase by 6%. At the same time, as the direct consequence of a series of unprecedented increases in raw material costs, Corus Strip Products is discussing with its customers the consequences of the extreme cost increases in relation to current annual contracts.”