Steel shortage & scrap price .

[YorkshireAndrew]

Apparently there’s a shortage of steel but scrap is still only around £130/t , scrapyards stockpiling ? [emoji849]

 

[Ribble]

I'll hazard a guess.

A low scrap price, but a shortage of finished product suggests a bottleneck in the recycling/ processing supply chain. Plenty of scrap available, nit enough being processed.

Greensill Capital just went bust, and was a major source of finance for GFG, a major player in the UK steel industry, which has been exposed as having some very creative supply chain accounting in their accounts payable and receivable.

If everyone in the Steel sector is very nervous about offering credit to other businesses in the sector because GFG might go pop tomorrow and drag other companies down, maybe that seizes up some parts of the market.

Just a guess!

 

[Jamer]

Sounds like location makes a big difference; just had 2 loads gone at £210 and £220 for shearing in the last few weeks.- EMR in Sharpness.

 

[czechmate]

A place we go to for barbed wire said they don’t have any and can’t even order any, due to lack of steel

 

[YorkshireAndrew]

A place we go to for barbed wire said they don’t have any and can’t even order any, due to lack of steel

I tried to buy some gate crooks yesterday but was told it would be around 6 weeks before any came in because of a steel shortage .

 

[czechmate]

Is it from the suez blockage?

 

[Flatlander]

Most likely to do with the fact that British steel was sold off to heaven know who because it was cheaper to import from China where labour was cheap. If you think it going to resolve it’s self with the passing of a few weeks you could be in for a shock. China produces so much of the raw materials that is used world wide. Here in western Canada some herbicides and fungicides are non existent because the active ingredients aren’t available. Covid could be partly to blame but the trade disputes and tariffs aren’t helping. Also heard that shipping containers are in short supply in China as the Chinese haven’t been buying goods from the states fir the containers to get sent back to be used.

 

[Kevtherev]

I tried to buy some gate crooks yesterday but was told it would be around 6 weeks before any came in because of a steel shortage .

String

 

[YorkshireAndrew]

@Kevtherev , I’ll be also needing some square postholes so expect a phone call .

 

[Kevtherev]

@Kevtherev , I’ll be also needing some square postholes so expect a phone call .

On offer at moment special deal on 10x10 holes

 

[Gav]

Is it from the suez blockage?

No, it started long before that. It’s causing build time delays with some manufacturers now as they are finding it difficult to acquire the sizes and grades of steel they require to build components of new machines.

 

[Richy12]

5 month lead in time on any new enquiries for steel buildings with a supplier we use because of steel shortage and catching up from lockdown

 

[Yale]

On offer at moment special deal on 10x10 holes

How many do you get on a pallet?

 

[Steevo]

How many do you get on a pallet?

What colour do you want?

The black ones seem to stack much better one inside another so help reduce shipping cost.

They are doing a special deal too - buy one wormhole and get free shipping for the whole order.

 

[Kidds]

How many do you get on a pallet?

14 but there is a knack to stacking them.

 

[Scholsey]

Have China played a blinder? produce everything far cheaper than Europe/USA can, get everyone hooked on buying cheaper Chinese steel, electronics etc, kill off overseas industries then cause supply problems and boost the price up to the same or above what we were paying for home produced stuff in the first place?

 

[Nearly]

What colour do you want?

The black ones seem to stack much better one inside another so help reduce shipping cost.

They are doing a special deal too - buy one wormhole and get free shipping for the whole order.

You need the tapered holes. Can get about 50 on a pallet then.

 

[GeorgeK]

You need the tapered holes. Can get about 50 on a pallet then.

Don't go mad though, it's not easy to pick them up if you lose the load

 

[Bill the Bass]

Have China played a blinder? produce everything far cheaper than Europe/USA can, get everyone hooked on buying cheaper Chinese steel, electronics etc, kill off overseas industries then cause supply problems and boost the price up to the same or above what we were paying for home produced stuff in the first place?

Not really, we could all see it coming, it seems the only people that couldn’t are those running western economies.

 

[Breakthru]

Palms greased well keeps the suspicion at bay.
Like Amazon now with football. If PL let them in Sky will reduce their payment.
BT going to reduce PL involvement and if PL take the Amazon shilling it is the road to disaster and very poor coverage. Sky need to stop going woke and get better commentators as that is their weakness. Sky PL TV excellent product.