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04Jun

Steel shortages have been a trending topic in recent construction news, with growing concerns over price increases and production delays.

In response to COVID-19, many production facilities were shut down from mid-2020 which meant a depletion in warehouse supplies and inevitable price increases as demand for steel surged. In May of this year, British Steel announced they had stopped taking orders due to “extreme demand”. The pandemic has also led to the temporary closure of several mines, meaning fewer raw resources available – and a delay to overseas shipping has created additional pressures.

As a leading supplier of steel doors to contractors across the UK, we have been keeping a close eye on the situation. Although it is unclear when the shortages will end, there are measures we have implemented to ensure minimal disruption to our customers.

1) We have ring-fenced materials until the end of the year.

We have close working relationships with our manufacturers, who are all based in the UK. We have ringfenced an ample supply of materials, ensuring that all booked orders to the end of 2021 are unaffected both in terms of demand and lead times.

2) We are being transparent on price increases.

Integrity is one of our core values at Rotec; we firmly believe in being transparent in all areas of business, particularly where cost is concerned. Our price increases have been marginal and are clearly detailed within our quotation documents.

3) We are monitoring the situation closely and keep in regular contact with our customers.

We are keeping a close eye on developments and will communicate any relevant updates to our customers. For further information, or to address any concerns, we encourage our customers to contact a member of our team who will be happy to assist: info@rotecsecurity.co.uk