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Tata to raise structural steel prices by £95 per tonne

Tata has revealed plans to raise structural steel prices by £95 per tonne from March.

As revealed by Construction News last week, an increase in worldwide demand, coupled with the impact on steelmakers of flooded coalfields in Queensland, Australia, has lead to a spike in prices.

Tata Steel commercial manager Mick Maloney said: ‘The recent extreme flooding in Queensland, Australia, has led to spot prices in coal and other raw materials markets, which were already suffering from chronic structural supply side constraints, to rise beyond anticipated levels.

‘The steel supply chain has no choice but to take robust action to recover these rapid increases in raw materials costs.’

Readers' comments (1)

  • I hope the steel industry takes the right robust action and passes this rise on to the contractors and customers and do not make the usual weak and inward looking assumption that they need to absorb it.
    It is bad for customers if you do not pass this on.

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