Newsletter 22- December 2007

"Keeping you Informed"

Prices

(1st Jan 06 = 100 units)

                            From 1st Dec     (1st Jan) Remarks:

                                           2007    (2007)

Merchant Bar                     121      (112)    Price corrections have

(Rounds, Flats, Angles etc)                        taken place as we

                                                                    near Christmas. We                                                                     are not expecting

                                                                    anymore before the

                                                                    New Year

Heavy sections                  157     (135)     No further increases

(Beams, Columns etc)                                yet announced.

Hollow Sections                 117     (118)    Prices stable.

(Box, Tubes etc)                                        

Supply

No real problems, sizes which were in short supply are now readily available and stocks have now returned to normal.

Demand
November was a disappointing month with demand slow and margins under pressure as price increases level out. Despite good supply and poor demand we expect that world prices for steel will again increase in Q2 2008. It is a good time to buy steel.

Tomrods Limited

The Christmas decorations are up, the dark nights draw in and we are battening down the hatches for the end of year Christmas break. November was a disappointing month but not bad enough to spoil a very successful year.

May I take this opportunity of thanking all our customers and suppliers for their continued support during 2007 and wishing you all a very happy Christmas and a peaceful and prosperous New Year.

Customer Deliveries

On a business front we would like to remind everyone that they can progress their orders by contacting Peter Morrell our Transport Manager on 01423 796167 or email petem@tomrods.co.uk. Pete is in touch with all his drivers and can give you up to date accurate information.

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