British Steel have closed their order books, due to excessive demand for steel products
This follows Liberty Steels owners, Sanjeev Gupta and lenders Greensill Capital, being unable to secure credit insurance and funding to maintain their business operation, causing an international disruption of Steel supply.
Critically UK quotas from Europe are nearing their limits, meaning the majority of UK stockholders are facing stock supply issues. This pressure means UK steel producers are unable to make up the shortfall and meet the increase in demand, as UK output increases.
The term ‘unprecedented times’ has to be said again! However High Peak Steels have planned, and continue to work, on supply to you, our valued customers.