Corus Construction & Industrial will also be raising basis prices for structural sections by £60 per tonne. This change will be reflected in the published price contained in Price List 5 and will apply to all material despatched from 30th March 2008. The price increase is a direct consequence of the considerable increase in raw material costs due to the high global demand for steel. UK demand in 2007 is likely to be confirmed at levels close to the peak experienced in 2004. The market is expected to remain buoyant in 2008. An updated edition of Price List 5 will be issued shortly.
Announced on Corus Website today