Newsletter 66 - October 2011

"OCTOBER STEEL BULLETIN "

Prices

(1st Jan 06 = 100 units)

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

                                     2011   (2010)    High           Low

Merchant Bar                 167    (153)     174 (03/11) 143 (11/10)

(Rounds, Flats, Angles etc)                      

Heavy sections              163    (155)     176 (04/11) 146 (12/10)

(Beams, Columns etc)                              

Hollow Sections             173    (169)     186 (03/11) 154 (11/10)  

(Box, Tubes etc)                                     

Prices

Over the last few months there has been a lot of speculation about prices, the lack of demand will reduce levels say one school, where another says that the increase in input costs and a lack of stock on the floor will increase prices. Prices, in general, have remained remarkably flat, the exception being heavy sections where a £50/t increase in September has restored prices to pre summer levels. It's a bit like being in a twilight zone, where there is a lot of talk but no action. We believe that anything could happen but probably will not.

Supply

Supply is generally in balance, all mills are working on reduced capacity to bolster price levels.

New Stock has Arrived

Steel Balls - mild steel - for decorative metalwork - sizes available are 25mm, 30mm, 40mm, 50mm and 60mm.

Hollow sections in S275JRH and S355JRH have arrived.

Angles from 90x90x6mm up to 250x250x35 in S355J2/JO grades available from stock.

Special Offer

We have two 19.2m span overhead cranes for sale, one 3t and one 5t capacity. These have served us well at Manse Lane in the past and are in excellent working order. If interested please contact the undersigned, we will consider all offers.

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 -