Newsletter 67 - November 2011

"NOVEMBER STEEL BULLETIN "

Prices

(1st Jan 06 = 100 units)

                        From 1st Nov (1st Oct) Last 12 months

                                     2011   (2010)    High           Low

Merchant Bar                 163    (148)     174 (03/11) 143 (12/10)

(Rounds, Flats, Angles etc)                      

Heavy sections              158    (149)     176 (04/11) 146 (12/10)

(Beams, Columns etc)                              

Hollow Sections             170    (160)     186 (04/11) 154 (11/10)  

(Box, Tubes etc)                                     

Prices

As you can see prices have weakened during Q4, this reflects past years where prices usually are under pressure as we approach the Christmas break and company year ends. From a negative point of view the Euro zone crisis and the unrest in Egypt and the middle east and the lack of growth in the UK economy points to further price uncertainty. However we are not signing up for this view as we believe that the strength of the dollar, the lack of stock in the supply chain and the fact that steel mills are not making any money will point to, at worst, a static price over the next few months. Words and sentiment you might think, but we have placed orders for Q1 2012 delivery to substantiate our positive belief.

Supply

Mills, especially in northern Europe, have reduced output by mothballing capacity or through taking extended Christmas breaks. This will mean that some sizes might become scarce.

New Stock

We can now offer STAINLESS STEEL TUBES in bundle quantities.

STEEL BALLS 25mm to 70mm available ex stock.

Special Offers

We have now connected out shotblasting and preservation line on to the mains supply, we therefore have a generator for sale.

Details are as follows;

Motor: Deutz BF6M 1015 CP. Generator: Meco Alt Spa. Type: Eco 37-3L/4. Manufactured: 2000. Hours 9326. This cost us £16,000 in 2006 and we are looking for the best offer.

We also have one 19.2m span overhead crane for sale, 3t lifting capacity. This has served us well at Manse Lane in the past and is in excellent working order. If interested please contact the undersigned, we will consider any offers.

Tomrods Ltd

We have great pleasure welcoming Andy Wastell to our management team. Andy is taking over as Operations Manager and will be streamlining all our systems from customer collections, delivery times, through to processing accuracies and speeds. Andy has over 20 years of experience in the steel industry and, as he started down the mines, he has a very down to earth approach. It is our aspiration not just to be good at what we do, we want to be the best and our move to Thirsk has enabled us to do this. Andy would appreciate any comments you may have and he can be contacted at andyw@tomrods.co.uk

Christmas 2011

We will have mince pies available at our sales reception over the Christmas period, we hope that you will have time to visit us. May we also take this opportunity to wish all our customers, suppliers and friends a happy Christmas and a peaceful and prosperous New Year.

Christmas Closures

We will start stocktaking on Tuesday 20th December and complete Thursday 22nd. We will continue to deliver up until Thursday 22nd lunchtime and the offices will close at 4pm on the same day. We will reopen at 7am on 3rd January 2012. If you wish us to deliver to you on the first day back please can you place the order before 11am Thursday 22nd December. Thank you for your assistance.

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 -