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Steel can prices reach record levels

For the second month in a row Corus has announced a rise in the amount it pays for steel cans delivered to CanRoute collection centres. The value of steel cans has risen by £50 in the past month to an unprecedented £235 per tonne.

CanRoute provides a network of regional centres to which steel packaging can be delivered. Local authorities, waste management and collection companies that sell collected steel packaging are set to benefit from the latest price increase.

A Corus spokeswoman said:  Last month the price stood at £185 per tonne and this is the third price rise since January.
The growing demand for scrap steel from countries with booming economies, such as
China and India, is pushing the value up across the world.

Corus operates 14 centres, located throughout the UK, which are operated by steel processing companies which receive, quality check, store and bale steel cans before delivering them to be recycled at one of Corus steel reprocessing sites.

Image: Corus can

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