The start of a new year brings new promise. New expectations, new hope, new developments. And we here at Accurate Steel Mills Limited believe in that too. That is why we remain committed to you through a number of new developments upcoming within the year.
As a major manufacturer in the industry, we saw a number of key challenges that faced consumers in the market:
Lack of Liquidity: There was a large money shortage in the market which resulted in delayed payments for a lot of in-flight customer relationships and projects. The crunch began at the beginning of 2019, but continually eased during the course of the year and we expect it to continue to ease into 2020.
Surge in Market Prices: 2019 saw a major challenge for suppliers in the market, given that both demand and price of raw materials fell for 3 consecutive quarters in the year. Although it is still early, prices have rebounded sharply from the November 2019 levels, coupled with the production issues seen from both Korea (Mill Breakdown issues) and China (Coronavirus related delays) which we believe will sustain the price rise.
Economic Landscape: 2019 also saw the major global shift in focus on more ‘environmental’ production. The steel industry is a very difficult industry for this production method to manifest in, so we will look to see how the European and Asian counterparts tackle this issue in their production methods.
Given the above challenges, we still see large growth prospects for the market, especially in 2020, and believe in the importance of our quality now more than ever. The Steel Mill focused much of its effort into ensuring that all of its products continue to remain the highest possible standard supplied to the market. Our in-house laboratory ensures that quality is never compromised and that you get what you pay for – a top quality product.
Our Cut and Bend services on reinforcement steel has been performing consistently well in the market. All material supplied is accompanied by documentation proving testing results to affirm the quality of the product. The other benefits, listed below, explain why this really is the smarter choice.
· Execution of works being much faster, with a reduced construction time.
· Project cost saving through wastage reduction by 5-10%.
· Improved Quality Control due to the accuracy of each reinforcement bar produced.
· Benchmark of quality for reinforcement and concrete works.
· Ensures only the best products as it filters out manufacturers not able to meet correct standards.
We are also very proud to announce that our enhancements of the factory will enable us to offer you a larger range of products in the market in 2020, with no fewer than 10 new products being introduced into our production range. Most notably, this includes:
Wire Rod Manufacture: we will provide the likes of British Reinforcement Concrete (BRC), Weld Mesh and Chain Link Fencing.
Section Mill Manufacture: we will be able to provide the likes of Angle irons, Channels, Beams and Sections.
High-Speed Tube Manufacture: we will have a much quicker and more accurate production of all tubes, piping and hollow sections. This upgrade to our existing services makes us able to serve a much larger portion of the market.
Accurate Steel Mills continues to remain at your service – we will continue to update you during the year on our progress with each product. Please give us all your inquiries and continue to follow us in the media or on our social media platforms. We are making more investments to continue to diversify our product range to bring you only the finest products under a single roof, so stay tuned for all that exciting information in the months to come!
