Due to the continued strong growth in global steel demand, Corus Engineering Steels (CES) is currently experiencing significant increases in input costs.
Raw material and energy costs are rapidly escalating to unprecedented levels and as a result CES will be raising prices for Bright Bar sales in the UK.
With effect from 1st May base prices will be increased by a minimum of £40 per tonne across the entire product range for all deliveries.
As the global demand for steel continues to grow it is envisaged that availability will remain an issue over the coming months. Corus anticipates further base price increases in quarter 3.