Following Corus Long Products' price rise announcement last week the Structural Sections business has confirmed that all products within its portfolio will increase by £50 per tonne effective from March 1 2010.
The increase is driven by input cost pressures and by some level of demand beginning to return across the main markets the business serves.
Martin Maley, Commercial Director Long Products, commented: 'Structural sections prices have been struggling at unsustainably low levels in virtually all markets and throughout the supply chain.
'The additional input costs that suppliers have imposed have only served to exacerbate the difficulties producers and distributors are facing.
'Corus has a duty to all its stakeholders to maintain a sustainable business and therefore has no choice but to pass on the additional costs. This significant move still fails to recoup all of the increases in costs we are seeing and further price rises in the near future are highly likely.'
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About Corus
Corus is Europe's second largest steel producer. With main steelmaking operations primar