Steel price hike dents smaller companies

2008-07-03 00:00

Recent steel price increases have meant that medium- to smaller-sized companies carry the brunt of the price increases and many are now experiencing cash flow problems.

“Highly geared companies are also at risk. They are already feeling the pressure of the interest rate hikes. Consumers purchase from these smaller steel suppliers, but consumer spending is down due to high interest rates, petrol price increases and inflation on food and other goods. Smaller companies are therefore losing turnover.” publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

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