The steel giant said the higher price was paid for cans delivered to its CanRoute collection centres from the start of this month (April 2007).
” The value of steel PRNs has gone back up so Corus can pass the benefit back “
– Corus
Corus is attributing the price increase to increasing value of steel PRNs and the ongoing success of its CanRoute system – which recovered 46,617 tonnes of steel in 2006.
The price had fallen to 75 per tonne in the first three months of 2007, as a reaction to low prices for steel PRNs, the producer responsibility evidence used in the packaging waste recovery system (see letsrecycle.com story). Steel PRN prices hit a low of between 2 per tonne and 5 per tonne last December, but have since recovered to about 11 or 12 per tonne.
The price increase for steel cans is expected to be welcomed by all local authorities, waste management and collection companies who currently sell collected steel packaging to Corus via the CanRoute centres.
A spokeswoman for Corus said: “The value of steel PRNs has gone back up so Corus can pass the benefit back. The increase also reflects the achievement of the CanRoute system, which recovered 28% more steel in 2006 than 2005.”
Corus collects cans from 14 nationwide CanRoute centres, which are operated by steel processing companies who receive, quality check, store and bale cans before delivering them to one of Corus steel's reprocessing sites to be recycled.
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CanRoute is run by Corus Steel Packaging Recycling, the producer responsibility division of Corus, which helps to promote the recovery and recycling of steel packaging among consumers and the commercial sector.
The total value of steel cans in the domestic waste stream is now over 40 million a year and it is believed to be the most recycled material in Europe.
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