UK PM Boris Johnson Hopeful for Liberty Steel Future

British Prime Minister, Boris Johnson is very hopeful that the plants could be saved. Speaking on a visit to Middlesbrough, he said “I think British steel is a very important national asset. I think the fact that we make steel in this country is of strategic long-term importance. We have learned during the pandemic that it is not a good idea to be excessively reliant in times of trouble on imports of critical things. It would be crazy if we were not to use this post-Brexit moment not to use the flexibility we have to buy British steel. So that’s want we want to do.”

He said the government’s infrastructure plans including wind farms, railways, and nuclear power stations would all need steel.

Mr Johnson signaled the government could unveil lucrative contracts to benefit Liberty.

The British government has rejected an appeal by Liberty’s parent company, GFG Alliance, for a GBP 170 million bailout amid concerns its opaque structures meant the funds could disappear into its international operations.

Stelstocks Prepare for Brexit Custom Delays

As the UK’s Brexit preparations reach new heights of chaos, a survey has revealed that companies are ill-prepared for the new customs regime, which begins in January. Two-thirds of large businesses are very, or extremely, concerned about delays in their supply chain post-Brexit.

With delays at the ports inevitable, Stelstocks has already put plans into action to counteract this and stay one step ahead of the curve.

Over the last month we have more than doubled our usual number of deliveries from Europe, which has significantly increased our stock levels across the board.

We know just how important continuity of supply is for our customers, as they can ill afford to have their machines stopped causing breaks in their schedules. Therefore, we strongly believe our increased stock levels, combined with our flexible delivery arrangements, will enable our customers to maintain their production rates over what is likely to be a turbulent period.

If Stelstocks could help with your material supplies over the coming months and beyond, please don’t hesitate to contact us. We’d be delighted to discuss your specific requirements in more detail.


What is the COVID-19 pandemic impact on the auto industry?

Automotive COVID-19 Recovery Series: The OEM Landscape


The COVID-19 pandemic impact on the auto industry is extensive, severe, and wide-ranging:

    • Recovery in China is underway as sales continue to improve and dealer inventory declines. Government incentives including plate quota, NEV subsidy, and scrappage incentives help the industry regain momentum
    • Europe’s recovery has varied—Spain bottomed out in May, though France had an early rebound in June, and Germany followed in July. With economies re-opened and manufacturing restarting, the focus has shifted to financial conditions and consumer sentiment, with various automotive-focused stimulus packages starting in July.
    • US recovery (the subject of this component of the COVID-19 Recovery Series) has been led by the Pickup segment—it has gained 5.5 percentage points of market share, a highly profitable segment dominated by domestic manufacturers.

The first installment of IHS Markit’s new Automotive COVID-19 Recovery Series is now available. In our whitepaper, The OEM Landscape, we look at constrained and increasingly competitive market conditions, and lay out where are the greatest opportunities to maximize success are in the short-term. This whitepaper is one of three whitepapers produced for our COVID-19 Recovery Series.

Manufacturing our Road to Recovery : The 3 Point Plan

The Covid-19 pandemic is a humanitarian crisis that continues to take a tragic toll on people’s lives, however, the outbreak is at risk of turning into an economic crisis also.

Factories around the world have been forced to close or run on reduced hours, causing mass disruption to global supply  chains. Manufacturing output in the UK has fallen sharply, with some reducing production while others have shifted to producing much needed medicines, sanitizers, ventilators, Personal Protective Equipment (PPE) and other equipment  for the health service to combat the spread of the disease.

All the indications at the moment are that, even if a gradual easing of lockdown begins soon, the impact of this shock will continue to hit companies and livelihoods for some time to come. Different parts of the economy will recover at different speeds, with export demands, consumer tastes and business models changing.  This unprecedented economic challenge is forcing CEOs to contemplate difficult choices. Some are pulling in, making cuts, and focusing on surviving the storm. Others, however, are taking decisive action to put in place reforms so that when the crisis ends, they can come back stronger.

This paper sets out our 3 point plan:

  1. Boost economic confidence
  2. Ensure a safe return to work
  3. Build resilience

It includes a series of policies to support the manufacturing sector, stimulate recovery and help place the UK economy in the best position to deliver a digital, global and green future.

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.

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.

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.


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.