Tata have announced a £95 price increase on structural steels in the UK. The increase in prices will take effect on all deliveries from March 6th 2011.
The company are quoting the rising costs of raw materials as the main reason for the price hike.
Flat product prices have risen by an average of around £60.00 already throughout Europe and contractual customers in the UK are facing price increases of around £80 from Northern European suppliers from April.
Demand still remains weak, with the construction sector in depression and modest activity in the automotive industry.