Newsletter 27- May 2008

"Keeping you Informed"

Prices

(1st Jan 06 = 100 units)

                            From 1st May     (1st Jan) Remarks:

                                           2008    (2008)

Merchant Bar                     174      (124)    A further £75/t to be

(Rounds, Flats, Angles etc)                       announced from 1st

                                                                   June.

Heavy sections                  172     (157)   A further increase of

(Beams, Columns etc)                               £80 announced from

                                                                  29th June. More to.

                                                                  follow in October.

.                                                                                                       

Hollow Sections                 181     (117)    More increases on

(Box, Tubes etc)                                        their way, we expect.

                                                                  our prices to reach 200

                                                                  (i.e. double Jan 06

                                                                  levels) by mid year.

Price Alert

International prices continue to move forward very quickly and as you can see from our price index prices are continuing to forge ahead.

Supply

Mills are busy, some however are seeing raw material shortages limit production. Price rises will be further fuelled by these shortages. We urge all customers to get in touch with us so we can, wherever possible, allocate steel to your account minimising future price increases.

Demand
April was a busier month. The market generally is still slow, but the demand for steel related products is holding up well, although there are a lot of dark clouds on the horizon.

Tomrods Limited

Over the last few months we have welcomed Jonathan Wraith and Lizzie Jones to our Sales Team and Richard Cowgill (son of Mark) into the Warehouse. Their mug shots will soon appear on the website. We wish Jane Wallace the best of luck with her Chinese exams next 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 -