Newsletter 33- November 2008

"Keeping you Informed"

Prices

(1st Jan 06 = 100 units)

                             From 1st Nov   (1st Jan) Remarks:

                                           2008  (2008)

Merchant Bar                     161      (124)   Prices under pressure.

(Rounds, Flats, Angles etc)                      

Heavy sections                  186      (157)  Prices under pressure.

(Beams, Columns etc)                              

Hollow Sections                 170     (117)   Prices under pressure.

(Box, Tubes etc)                                     

Prices

Merchant bar prices are falling, hollow sections are falling back but not as quickly and heavy section prices have started to fall. Please keep talking to us as the situation is changing on a daily basis.

Supply

Mills are not busy and this is reflected by the cost prices. There are no supply problems and some mills are looking at reducing output by 30% in an attempt to stop prices falling.

Demand
October was very slow and we are all being swept along by the present economic turmoil. We do not see much improvement this side of Christmas.

Credit

As with the banking system our insurers are looking at reducing their risks and therefore all credit limits are under pressure. We will help wherever we can.

Tomrods Limited

Our new 7.5 tonne wagon has arrived and we can now offer all our local customers a same day service.

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 -