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2021 Steel Industry Review
22
December
2021
It's been an eventful year to say the least hasn't it? January feels like it was just yesterday, yet at the same time feels like a lifetime ago.
We began 2020, reflecting on the amazing contribution the manufacturing sector had made in the fight against covid-19, providing vital equipment during the more intense phases of the pandemic. This was something we could all take great pride in, and I am proud to say that
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In just one month, between March and April, prices for hot rolled, cold reduced and galvanised steel have increased by around 14% - pushing them, once again, to previously unseen levels.
With supply more constrained than ever and service centre stock levels extremely low the upward pressure on prices is expected to continue. Understandably, this is of huge concern to end-users both in terms of price and an ongoing shortage of supply.
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Steel Prices Continue to Soar - March Commercial Director’s Briefing
Without a doubt, the continued surging price of steel has been the topic dominating discussions across the industry this month. With prices for finished products breaking through the £1000 per tonne barrier, in both hot-dip galvanised and cold reduced – and certain grades of hot rolled not far behind, it’s not hard to understand why.
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