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TATA Steel will raise transaction prices for structural sections in the UK by GBP 50 per tonne effective on all deliveries from Sunday January 2 2011.
It said "The increase is necessitated by continuing high raw materials costs and the need to set new, sustainable market levels in the New Year."
Mr Mick Maloney TATA Steel commercial manager for sections said "Stock levels in the structural sections supply chain are low at present. We expect demand to improve in the New Year, because inventory will have to fill up ahead of the return of the construction season towards the end of Q1 2011."
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