Following the general statement made by the Corus Strip Division on 30 January 2006, Corus Strip Products UK will increase its second quarter 2006 prices in the UK by 5-7%, which translates into at least £20/mt for hot-rolled and cold-rolled material and at least £25/mt for coated material, with effect from 2 April 2006.
A spokesperson said, “Order intake is strong and stock levels throughout all of Corus’ Supply Chains in the UK and elsewhere in Europe are at below average levels.”
“This announcement must also be seen in the light of the continued increase of input costs, which Corus and the steel industry is confronted with,” the spokesperson added.
This probably explains the recent dearth in "unallocated" stock offered to the market and coincides with the announcement of a strip plant closure!
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