British Steel’s rescue deal at a glance

British Steel is on the verge of completing a £70m rescue deal with Chinese industrial firm the Jingye Group.

The bailout could save more than 4,000 jobs at the struggling steel producer, and up to 20,000 additional posts in its supply chain, according to Sky News.

 

https://www.theweek.co.uk/104268/british-steel-s-rescue-deal-at-a-glance?_mout=1&utm_campaign=theweekdaily_newsletter&utm_medium=email&utm_source=newsletter

A healthy economy needs a healthy steel industry providing employment and driving growth.

Steel is everywhere in our lives for a reason. Steel is the great collaborator, working together with all other materials to advance growth and development. Steel is the foundation of the last 100 years of progress. Steel will be equally fundamental to meeting the challenges of the next 100.

Key facts:

  • Average world steel use per capita has steadily increased from 150kg in 2001 to 214.5kg in 2017, making the world more prosperous.
  • Steel is used in every important industry; energy, construction, automotive and transportation, infrastructure, packaging and machinery.
  • By 2050, steel use is projected to increase to be 1.5 times higher than present levels in order to meet the needs of our growing population.
  • Skyscrapers are made possible by steel. The housing and construction sector is the largest consumer of steel today, using more than 50% of steel produced.

 

https://www.worldsteel.org/about-steel/steel-industry-key-messages/healthy-economy.html

BTMA Buyers’ Guide 2019

The BTMA Buyer’s Guide for 2019 has just been released. Stelstocks are a long standing Technical Member of the BTMA, and our advert can be found on page 92 of the guide. For more information about our products and services, or the BTMA, please contact us.

Why You Should Make Stelstocks Your Steel Supplier

At Stelstocks, we’ve built a reputation as one of the leading stockholders of engineering steel bars, in free machining and low carbon grades.

This reputation has grown from our unwavering commitment to quality in all of our products, always sourcing the highest quality steel from leading UK & European suppliers. Our quality management system, in compliance with ISO 9001:2015, ensures that our customers can rest assured that all the material they order from us will be of a consistently high standard. This high standard means that all of our steel offers unrivaled machinability, reducing cycle times and improving tool life.

Not only can we provide the best possible products, we also pride ourselves on exceptional customer service, offering a personal service from our family run business. Every one of our customers can attest to the high level of service they receive from us, and we are always seeking ways to improve the services we offer.

We provide fast response to any queries you may have regarding our steel stock, providing helpful and friendly advice.

Stelstocks offer completely flexible nationwide deliveries, from low volume one off orders, to larger scale scheduled deliveries. Contact us now to see how we can accommodate your needs.

As well as supplying high quality steel from stock, we are also able to offer a variety of additional engineering services to meet specific customer requirements. These include precision sawing, bar facing and chamfering, hexagon roller marking, non-destructive crack detection and centreless grinding. We provide all of our additional services with the same commitment to quality as we do with steel stockholding.

Stelstocks are one of the UK’s best steel stockholders. When you require a complete, reliable and helpful service from a steel stockist, there’s no reason to look anywhere else than Stelstocks, with our commitment to the very greatest quality, affordability and choice.

Fears Over US Steel Tariffs May Be Unfounded

One key feature of Trump’s 2016 presidential campaign was his focus on protecting American jobs against the threat of global trade. During his controversial campaign, he repeatedly threatened to impose tariffs on imported goods in the US.

In March 2018, the 45th President of the United States followed through with this pledge by imposing tariffs on imported steel – with a 25% tax levied on European steel.

American steel producers currently find it cheaper to import from the rest of the world, so many US citizens have begun to feel as though they are losing out and that cheaper imports have brought about the decline in the US steel industry.

The Trump administration believes that higher tariffs will cause US businesses to purchase domestically produced steel, which they claim will revitalise the steel industry and provide jobs for rust belt areas that have been hit hardest by the decline in manufacturing.

This has caused concern across Europe, with talk of the economic damage these tariffs could have on the European steel industry.

However, a lot of the apprehension expressed in the media over the past few months may be unfounded as European steels exports only make up a small percentage of the total imported steel in the US.

Looking at figures from the Global Steel Trade Monitor, it is evident that the US is not as dependent on European steel as some may suggest.

In total, the United States imported steel from 85 countries and territories in 2017, with the top 9 countries accounting for 75 percent of US steel imports.

Canada accounts for the largest amount of imported steel at 20%, followed by Brazil at 13%, South Korea at 11%, Mexico at 11% and Russia at 7%.

Germany, the largest EU exporter of steel to the US, makes up just 3% of total US steel imports. These figures show that US is far from dependant on European steel.

Although there may be dangers of countries imposing their own trade tariffs on American goods, leading to a trade war, the direct impact of these new tariffs on the European steel industry may not be as dramatic as suggested.

Source: https://www.trade.gov/steel/countries/pdfs/imports-us.pdf

Our New Website Has Launched

Stelstocks is proud to announce that our new website is now live. Please take a look around to see what has changed.

BTMA Buyers’ Guide 2018

The BTMA Buyer’s Guide for 2018 has just been released. Stelstocks are a long standing Technical Member of the BTMA, and our advert can be found on page 93 of the guide.

stelstocks 9001 certificate

ISO 9001:2015 Accreditation Achieved

Stelstocks are proud to announce we have achieved our BS EN ISO 9001:2015 accreditation. This demonstrates our commitment to the continuous improvement of our business operation, and that our products, processes and services meet the necessary international standards, giving our customers complete peace of mind.

 

Julihuang

New Julihuang S280 Bandsaw Installed

Stelstocks have invested in a new Julihuang S280 Bandsaw to help with the precision sawing of our billets and back ends. The Julihuang S280 offers fixed head cutting of up to 280mm giving extra flexibilty and increased response time, whilst improving accuracy and significantly reducing scrap loss during our sawing process.

Stelstocks In Partnership With Dudley College

Stelstocks and Handelsbanken have teamed up in a bid to support the local community, specifically the photography Department at Dudley College. The collaboration was designed to support photography student, Callum Calton, achieve his dream of visiting Iceland on the college’s Photography Trip to Iceland later this year (view here). In return for his work Stelstocks have agreed to help fund Callum’s place on the trip.

We have been extremely pleased with the quality of Callum’s work, and examples of this can be found throughout our Website.