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Corus drops steel can prices

Corus has dropped the price paid for steel cans delivered to CanRoute centres with effect from the start of this year. 

The drop from £90/tonne to £75/tonne is due primarily to the fall in steel Packaging Recovery Note (PRN) prices for 2007 contracts and the company will continue to monitor activity in the market with the new price set to be reviewed again in April.

Corus Steel Packaging Recycling manager Dave Williams said: Despite this drop in price paid for steel cans delivered to CanRoute collection centres, collectors will continue to be able to take advantage of the many benefits the system offers.

These are prompt payment for cans, convenient locations, reduced storage needs, reduced delivery distances and transport costs and, of course, a secure and stable end market for steel packaging.

CanRoute continues to play a vital role in helping to achieve the UKs steel packaging target. In 2006 alone, 46,000 tonnes of steel was collected equivalent to more than a billion steel cans.

The scheme was launched by Corus in June 1999 specifically to increase the collection of steel packaging, providing a network of regional centres to which steel packaging can be delivered.

Monies are paid by Corus to the CanRoute centres for them to pass on to the local authorities, waste management companies and other collectors in full.

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