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It always fall at the end of the summer anyway.
... and yet only this morning we got a notification that the cost of new steel is going UP by £80 per tonne in June!Thank you Corus... they reckon it's something to do with the price of iron ore but a more cynical man may suggest that they have kept the supply down so that they can (artificially) keep price momentum going...Not bitter, but I have a project lining up that will need around 460 tonnes...
What do you reckon i;'d get for a disco chassis if i cut it up....???
:lol: pmsl.hey, steel is going up £80 a tonne? that's the delivered price right? might be anticipating the cost of fuel over the summer.
Took this lot in today and got ???
Update on increases...and now this latest rise - the expectation is that steel stockholders will be adding around £30 per tonne on top of these risesReasons include the increased demand from China and India, increased costs for iron ore extraction and coking coal...