Corus raises European steel prices 5-7 pct for Q2

Newswire

FRANKFURT, Feb 22 (Reuters) - Anglo-Dutch steelmaker Corus Group will increase its flat-rolled steel prices in continental Europe and Britain by 5 to 7 percent for second-quarter deliveries, it said on Thursday. "We are seeing an improved demand and stocks are at normal levels. The current strong underlying demand for steel in Europe -- particularly in construction and end-user sectors -- supports this price increase," it said in a statement.

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