Newsletter 26- April 2008

"Keeping you Informed"

Prices

(1st Jan 06 = 100 units)

                            From 1stMarch    (1st Jan) Remarks:

                                           2008    (2008)

Merchant Bar                     153      (124)    A further £40/t just

(Rounds, Flats, Angles etc)                       announced from 1st

                                                                   May.

Heavy sections                  172     (157)   A further increase of

(Beams, Columns etc)                               £40-£60/t expected

                                                                  July 2008.

Hollow Sections                 153     (117)    More increases on

(Box, Tubes etc)                                        their way.

Price Alert

International prices continue to move forward very quickly and although we expected prices to start levelling out by the summer this now seems unlikely.                                                                   

Supply

Mills are busy, some however are seeing raw material shortages limit production. Price rises will be further fuelled by these shortages.

Demand
March including Easter was a quiet month. The market generally is still slow, but the demand for steel related products is holding up well, especially with all the doom and gloom for other industrial sectors.

Tomrods Limited

Personally a very busy month trying to stay ahead of scrap prices and other increases. Overall a disappointing month as GP% profit levels remain static.

If you require any further information please give either myself or one of my sales colleagues a call.

Thank you for reading this and if you have any comments about Tomrods Ltd or our website please email the undersigned at johnt@tomrods.co.uk

John Thompson
Managing Director -