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Newsletter 65 - June 2011
"JUNE STEEL BULLETIN "
Prices
(1st Jan 06 = 100 units)
From 1st June (1st May) Last 12 months
2011 (2010) High Low
Merchant Bar 167 (186) 186 (05/10) 143 (11/10)
(Rounds, Flats, Angles etc)
Heavy sections 176 (169) 186 (03/11) 151 (12/10)
(Beams, Columns etc)
Hollow Sections 166 (177) 177 (05/10) 146 (11/10)
(Box, Tubes etc)
Prices
Prices continue to ease during May, this is a carry on from April as competition between stockholders becomes fierce in quiet markets. Mills generally have not reduced prices and the underlying trend is for levels to remain stable and there are even moves to increase merchant bar prices during June.
Supply
Supply is generally in balance but we are watching the situation at Tata in Scunthorpe very closely. We await news of the rationalisation of sizes and specifications currently supplied.
Tomrods
We have been busy during May, not just from a delivery point of view but by looking for new sources of supply. We are now able to offer you PRE-GALVANISED tubes and box sections; STAINLESS STEEL tubes as well as large box sections up to 400 x 400. We will welcome your enquiries.
Legg Bros
We would like to congratulate our sister company Legg Bros for winning an Express and Star manufacturing award. Legg Bros situated in the Midlands are specialist hot rerollers of small steel sections such as horseshoes, window shutter sections and lockrims for forklift trucks. Legg's produces about 4500 tonnes per annum, of which 60% is exported to all continents of the world. The award recognises the expertise of its staff and ability to adapt in an ever changing world market. Well done Leggs. www.legg-brothers.co.uk
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 -
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