Thursday, September 2, 2010

News: Corus increases aerospace steel prices


Corus Speciality Steels has increased transaction prices for its aerospace products by between 4% and 10% on orders acknowledged for delivery after 1 January 2011.

The price increase will apply to the full range of air melted and remelted products in ingot, slab, billet, bar and coil form, which are produced at the company's South Yorkshire sites at Rotherham and Stocksbridge.

Richard Lowe, Corus aerospace sales manager, said: "The demand for aerospace products has been increasing throughout the year, which has extended the lead times for materials.

"At the same time the outlook from aircraft manufacturers has improved. We are expecting production levels of large passenger jets, for instance, to increase from next year, which is already generating demand for raw material."

Corus has been a leading manufacturer of aerospace steels for more than 60 years and supplies special steels to aerospace component manufacturers around the world, especially in Europe, North America and South East Asia.

All Corus Speciality Steels material is produced via the Electric Arc (EAF) steelmaking route using high quality recycled metal. Investment in 2005 saw the Rotherham site at Aldwarke become the focus for steel making, casting and rolling of specialist steels.

The steel, predominantly stainless and low alloy grades, is used in some of the most demanding applications, including landing gear and aircraft engines. Corus supplies steel used in the landing gear of the Boeing 787 Dreamliner, as well as other latest generation aircraft.

Customers which approve Corus systems and products include; Agusta Westland, Airbus, BAe Systems, Boeing Commercial Airplane, Bombardier, General Dynamics, Lockheed Martin, Messier – Dowty, Pratt & Whitney, Rolls-Royce and Smiths Industries.

In July, Corus announced plans to recruit 154 new workers for its South Yorkshire manufacturing operations and the resumption of apprentice and graduate recruitment.

Corus website



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