Newsletter 56 - September 2010

"SEPTEMBER STEEL BULLETIN "

Prices

(1st Jan 06 = 100 units)

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

                                     2010  (2010)    High           Low

Merchant Bar                 153  (125)     186 (05/10) 125 (01/10)

(Rounds, Flats, Angles etc)                      

Heavy sections              169  (127)     173 (06/10) 127 (01/10)

(Beams, Columns etc)                              

Hollow Sections             155  (130)     177 (05/10) 130 (01/10)  

(Box, Tubes etc)                                     

Prices

Merchant bar and hollow section prices rallied during August resulting in a £25/t increase in merchant bar. Heavy section price levels are still under pressure.

Supply

Mills are looking for new business and supply is in balance.

Demand
A better than expected August, still no long term signs of improvements and September has started well.

Credit

No change, credit insurers still nervous of our market.

Tomrods

Our move to Thirsk is now scheduled for the 15th October because we have had problems with BT and we are unable to confirm the new telephone number.

Whenever we move it will be "business as normal"

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 -