When, if ever, will we see a return to some steel price stability?
This is the question that many buyers would like answered as this period of incredible price volatility continues.After an unprecedented period of price increases, where new price highs were reached, we have seen prices quickly fall back to pre-pandemic and pre-Ukraine war levels.
Rapidly increasing energy costs and increases in steel production
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Not for the first time over the last few years, I sit down to write this and the overarching theme is one of uncertainty. The war in Ukraine, reduced worldwide demand, soaring energy costs and government instability in the UK make it very difficult for businesses to plan ahead confidently.
From a steel industry perspective, Worldwide demand has been weak. In Europe, we’ve not seen the expected uplift after
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July Steel Director's Briefing
01
July
2022
I’m pleased to report that June was a positive month at Cooper and Jackson, and July has started better than expected. Demand has remained strong across all sectors, with automotive even seeing an uplift in activity of late.
However, I’m aware that this is not necessarily true when we look at things from a broader industry-wide perspective. For example, overall automotive demand has still not seen the uplift that was
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