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Archive for September 9th, 2008

Small quantities of spring steel strip

Having recognised a “gap” in the steel supply market BSS Steelstrip is now able to offer small quantities of spring steel strip from stock.
Whilst steel mills regularly insist on minimum order quantities of up to 5 tons, and stockholders upwards of a ton, we have recognised the need of smaller engineering companies who may require [...]

UK manufacturing shrinking faster than expected

Further bad news on manufacturing, with the most recent figure being published:-
Britain’s manufacturing sector is shrinking faster than expected, fuelling further fears of a sharp decline for the British economy.
The Office for National Statistics reported that manufacturing output fell for the fifth consecutive month.
Between June and July output fell 0.2pc and was 1.4pc lower on [...]

Steel producers’ shares fall as scrap prices tumble

From CNN in the US:-
Shares of steel producers fell Monday after an analyst said declining prices for scrap metal, an important feedstock for many companies, may force producers to cut their prices.
Soleil Securities Group analyst Charles Bradford, citing steel scrap price data from the weekly American Metal Market, said the trade publication’s data may seriously [...]