Corus Colors hikes prices by 15-20% in July

Corus Colors hikes prices by 15-20% in July

Corus' organic coated steel unit Corus Colors has recently announced that it will increase its prices at the range of 15-20% to be effective for all deliveries as of July 4, 2004. It is stated that the prices will be increased to catch up with rising hot rolled, cold rolled and galvanized steel prices. Moreover, depending on raw material cost and sea freight, prices may increase further, a company official stated.