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British Steel sections
(British Steel is increasing the prices of its structural sections and wire rod from January 1 2018)
11 Dec 2017

British Steel structural sections and wire rod to increase in price

British Steel is increasing the price of structural sections and wire rod.

Our structural sections will increase by £50 per metric tonne in the UK, and €60 per metric tonne in mainland Europe, effective on all deliveries from January 1 2018.

Richard Farnsworth, British Steel Managing Director Construction, said: “Due to increasing demand and capacity utilisation, along with increasing pressure from raw materials, we’re increasing the prices of our structural sections.

“Our prices remain extremely competitive and offer our customers excellent value for money.”

We will also be raising the cost of our wire rod by £50 per metric tonne, effective on all deliveries from January 1 2018.

Cumulative price increases mean our wire rod products are now more than £100 per metric tonne higher than in August.

Richard Sims, British Steel Managing Director Wire Rod, said: “We continue to see positive market sentiment and increasing demand for British Steel wire rod products.

“Order books remain extended across most UK and European producers, demonstrating an underlying strength in demand. Leading industry forecasters predict a further 2-4% improvement in demand through 2018.”