The sales price of S275 hot rolled coils ex-Corus, which was at £365/mt ($711/mt) ex-works in December, increased to a level of £380/mt ($741/mt) ex-works as of January, remaining in effect until the end of March. The HRC price of the mill in question will rise to £440-445/mt ($858-867/mt) ex-works effective as of April 1, 2008.
Similarly, Corus is offering S275 cold rolled coils, which were at a price of £390/mt ($760/mt) ex-works in December, to the UK market at £405/mt ($789/mt) ex-works as of January, also effective up to the end of March. The price of this material will increase to £465-470/mt ($906-916/mt) ex-works as of April 1, 2008.