Steel Bulletin October 2015
October 16, 2015
PRICES
As you can see from the graph, selling prices continue to weaken and it is becoming more and more difficult for steel mills to manage these decreases. Recent developments with SSI in Redcar and the loss of 1700 direct jobs illustrate the problems we all face. Most mills are now looking at ways to survive this crisis so that when prices start to rise they will still be here. I have now given up trying to predict where prices will be tomorrow, never mind in 3 or 6 months’ time. But one thing that I can be totally sure of, Tomrods will still be here, whatever the price of steel. For up to date information please give us a call on 01845 528200.
SUPPLY
There are no specific supply problems but please be aware that stock levels are generally low as stockists try to make sure that they are not left with high priced stock. Tomrods however continues to hold healthy stock levels of all products to make sure we maintain our exceptional levels of service to all our customers.
TOMRODS LTD
Despite falling prices we have managed to stay in profit. The new cut and drill line is working well as we take on more complicated aspects such as milling. Customers have supported us well as we continue to offer unparalleled quality and service levels. We have renewed our CE Marking FPC and enhanced our ISO 9001:2008 certification in preparation for the 2015 version soon to be adopted.
Thank you for reading this and if you have any comments about Tomrods Ltd or our website please e-mail the undersigned at johnt@tomrods.co.uk.
John Thompson
MANAGING DIRECTOR