British Steel to raise sections, wire rod prices on stronger demand

UK long steel producer British Steel has announced price increases of £50 ($67) per tonne on both sections and wire rod for all deliveries from January 2018, the firm told Metal Bulletin on Thursday December 7.

Stronger consumption contributed to the price rises for both products, the company said.

“Order books remain extended across most UK and European producers, demonstrating an underlying strength in demand. Leading industry forecasters predict a further 2-4% improvement in demand through 2018,” Richard Sims, British Steel’s...

Published

Lee Allen

December 07, 2017

17:44 GMT

London