Steel Markets Update due to the invasion of Ukraine

We have all seen the terrible situation in the Ukraine unfold recently and unfortunately the availability and cost of steel will inevitably be affected by the invasion of Ukraine and the sanctions imposed on Russia. The market has become extremely unpredictable with energy and raw materials driving price rises in the steel making process, along with concerns over replenishing stocks. Tomrods have strong relationships with a number of loyal supply partners both in the UK and EU and will be well placed in relative terms in what is proving to be a fast moving global market place.

We must responsibly advise our customers to prepare for price rises over the days, weeks and months ahead. It is highly likely that all prices quoted will be subject to confirmation at time of order (including quotations already issued) as the full extent of the impact is not known at this time and is almost impossible to predict with any degree of certainty. We advise our customers to apply caution when quoting for new work and to remain in touch with your sales team contact on any secured projects.

We will do our best to keep you informed but do expect developments to move at a very past pace, so please do also keep in touch.

The thoughts of all at Tomrods are with the people of Ukraine during these horrendous times.