Corus to hike steel prices for automotive industry

Corus to hike steel prices for automotive industry

Anglo-Dutch steel producer Corus is expected to hike steel prices for the automotive industry by an average of 20% in the coming weeks due to the increased raw material prices. Moreover, Corus will likely to increase prices further in spring. It is reported that the price increase, which is expected to be effected for the car producers, will likely to be reflected on the car prices.