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04 May
12:44

UK fabricator increases sales, steel prices hamper margins

UK steel fabricator and engineering firm Billington Holdings’ margins came under pressure in 2021 due to rising steel feedstock prices. The firm decided to take delivery of a large steel tonnage prior to the year-end in order to secure supply and ensure margin preservation on secured contracts. The high stock levels were anticipated to be consumed by the end of the first quarter, leading to a return to historic levels of inventory and contract work in progre…
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