How to cope with rising steel prices_2
7 September 2012
Q: Steel prices, and hence my costs, are shooting up. It might sound unlikely, but recently steel has been akin to a state-of-the-art, ultra-specialist silicon chip at the height of the high-tech boom. Can you offer any tips on what our strategy should be
A: Nigel Clarke, sections marketing manager at Corus, writes: Steel producers are getting price increases of up to 20 per cent, and surcharges of up to £12/tonne (even more in mainland Europe) are being accepted.
A recent report in industry journal Steelweek suggests the escalation in prices may mean that we'll be paying as much as...