.gif)
.gif)
.jpg)
.jpg)
.jpg)
.jpg)
.jpg)
.gif)
.jpg)
Steel Yourselves For Higher Prices Warns Steel Supplier
The boss of the UK’s largest supplier of steel and aluminium frame reinforcement for window and doors says the industry needs a reality check - with...
Read Full Article.jpg)
Strong Steel Stocks Solve Shortage Of Frame Reinforcements
Anglo European Group, which supplies galvanised frame reinforcement for window and door fabricators, has responded to mounting reports of a global crisis in the supply of steel.
The firm has assured its customers that it has taken significant steps to guarantee stocks for at least six months, with negotiations continuing for the third quarter of 2021.
Global shortages and consequent price increases have been caused by what has been called a ‘perfect storm’ in market conditions that include fluctuations caused by Covid-19 as well as international politics, a return to pre-pandemic automotive production volumes and China becoming a net importer of steel for the first time in a decade.
“We have been supplying steel reinforcement to the UK window and door industry for more than 30 years and the current market conditions are without doubt the most volatile that we have experienced in that time.”
– Paul Sullivan
CEO, Anglo European Group
Other factors
In addition iron ore costs are at a nine-year high with both planned and emergency steel mill outages also contributing. Against this backdrop, the World Steel Association (www.worldsteel.org) whose members represent 85% of global steel production, predicts demand for finished steel to increase by 4.1% in 2021. Underlining these issues are increases in the global price of raw steel that will amount to almost 80% between September 2020 and April 2021.
Continuity of supply
Anglo European's Sullivan continues: “Core material price increases are substantial and changing daily and these will have to be passed on as they take place, however, the key issue is continuity of supply. To ensure that our customers do not experience potentially severe disruption to their production output caused by shortages of steel reinforcement, we have secured supplies at least until 31 July 2021, with negotiations at an advanced stage for the second half of the year.”
Anglo European Group manufactures all of its own products, including reinforcements, couplers and bay poles for PVC-U systems, at the company’s two-acre site in Manchester. “We manufacture all of our own products to ensure that they enjoy consistently high quality at least in line with systems companies’ own standards, backed by a 10-year guarantee,” says Sullivan.
Picture: Anglo European CEO Paul Sullivan.
Article written by John Roper
03rd February 2021