21
Sep
11:30
UK fabricator forward purchases steel to mitigate inflation
UK steel fabricator Billington Holdings says it is forward purchasing steel to mitigate risks associated with price escalation. This is however having an impact on cash usage.
The group operates various fixed-price supply contracts but has suffered escalation in consumables and ancillary products that it has not been able to pass on. “Prices appear to be stabilising; however, government infrastructure-based stimulus packages across the globe and the developm…
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Anonymous
Very good overview of the weekly steel market.
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