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Corus Increases Aerospace Steel Prices

09/01/2010 - Corus Specialty Steels has increased transaction prices for its aerospace products by between 4% and 10% on orders acknowledged for delivery after January 1, 2011. The price increase will apply to the full range of air melted and remelted products in ingot, slab, billet, bar, and coil form.

Corus Specialty Steels has increased transaction prices for its aerospace products by between 4% and 10% on orders acknowledged for delivery after January 1, 2011.
 
The price increase will apply to the full range of air melted and remelted products in ingot, slab, billet, bar, and coil form, which are produced at the company’s South Yorkshire sites in the U.K.
 
“The demand for aerospace products has been increasing throughout the year, which has extended the lead times for materials,” said Richard Lowe, Corus Aerospace Sales Manager. “At the same time, the outlook from aircraft manufacturers has improved. We are expecting production levels of large passenger jets, for instance, to increase from next year, which is already generating demand for raw material.”
 
Corus supplies special steels to aerospace component manufacturers around the world, especially in Europe, North America, and South East Asia. The steel, predominantly stainless and low alloy grades, is used in demanding applications, including landing gear and aircraft engines. The company supplies steel used in the landing gear of the Boeing 787 Dreamliner.
 
Corus is Europe's second largest steel producer. With main steelmaking operations primarily in the U.K. and the Netherlands, Corus supplies steel and related services to the construction, automotive, packaging, mechanical engineering, and other markets worldwide. It is a subsidiary of Tata Steel, one of the world’s top 10 steel producers. The combined enterprise has an aggregate crude steel capacity of more than 28 million tonnes and approximately 80,000 employees across four continents.