Summary
Rocketing prices for steel and scrap, driven by aggressive Chinese buying, are depriving many local companies of the benefits of the strongest revival in engineering orders and output for seven years.
The latest quarterly survey of manufacturing by the EEF showed that electronics, electrical equipment and aerospace led a sharp recovery in both export orders, mainly from the US, and output.See the full content of this document
Extract
Steel Proving a Problem for Region
Although the motor industry fared well, too, output fell slightly in the West Midlands, but less so...
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