British Steel stops taking orders in face of ‘extreme’ demand

https://www.constructionenquirer.com/2021/05/11/british-steel-stops-taking-orders-in-face-of-extreme-demand/

British Steel letter to buyers headed ‘Notification of extreme demand and capacity constraints’ said: “Due to extreme high demand impacting on capacity levels, I am writing to inform you that British Steel is temporarily closing the order book, and therefore with immediate effect we are unable to accept any new orders for production.

Buyers will need to look elsewhere for steel in the short term, however the market in USA reports a similar story.

Previously....

Fresh price hike takes structural steel to £800 per tonne. Since May 2020 prices have risen +40%

Unless steelwork contractors can absorb another cost increase on material cost, then this increase would impact tender return rates by +20% over 2019 for structural steelwork.