Tuesday, September 15, 2009

Corus to increase Strip Mill Prices

We have just heard that Corus are to increase strip mill prices by £30 to £50 dependant upon grade.

Increased demand due to customer destocking is given as the reason.

At a time when some grades are in short supply we have little doubt that they will succeed in implementing the increase. However at a time when signs of recovery remain very fragile and real demand low, it’s unlikely that any level of increase can be maintained beyond the short term.

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