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Newsletter 31- September 2008
"Keeping
you Informed"
Prices
(1st Jan 06 = 100 units)
From 1st Sept (1st Jan) Remarks:
2008 (2008)
Merchant Bar 215 (124) Price corrections
(Rounds, Flats, Angles etc) expected shortly.
Heavy sections 212 (157) An increase of
(Beams, Columns etc) £60/t from 1st
October has been
announced.
Hollow Sections 205 (117) Prices expected to
(Box, Tubes etc) remain stable but may
start to increase in the
coming weeks.
Prices
Summer holidays have temporarily slowed price increases and we expect price stability through August and early September. There may be a few "special" offers about on merchant bars and, to a lesser extent, hollow sections may see some price corrections. We expect heavy sections to remain firm.
Supply
Mills are not so busy and are waiting to see how their order books fill up during the first two weeks of September. So it is a bit early to make a judgement.
Demand
August was very slow although September has started well. The market generally is still slow and there are a lot of dark clouds on the horizon. However the banks have managed to refinance themselves so we are hopeful that stability and predictability will reappear.
Credit
As the price of steel continues to surge ahead, approved credit limits need to be increased. If you have a large order to place please give us plenty of notice.
Tomrods Limited
Our new 7.5 tonne wagon arrived during August and we can now offer all our local customers a same day service.
We continue to prosper and although August was very slow we expect to post profits for the month.
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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