Our Vision
Profitable growth with a Quality market leading product, a great customer base, exceptional people and continued investment.
Our Mission
To attract and retain valuable customers.
Steel Construction Sector Trends and Market Conditions
Thank you to all those who recently participated in our online 'Steel Construction Industry - Market Trends & Trading Conditions' survey.
We hope the results below provide you with a valuable insight into the current market trends
Commentary and analysis of the results can be found on Albion's online blog - click here to view Albion's blog.
Make your opinion count, post your views on Albion's blog, all comments are welcomed.
| 1. When do you think confidence levels will increase? |
|
47.4% believe confidence levels will increase in 6-12 months.
|
| 2. How long do you feel it will take for market conditions resume to how they were in 2007? |
|
Over 55% of participants believe it will take 24 months+ for market conditions to resume to 2007’s level.
|
| 3. What is the most important aspect considered when you place an order or award a contract? |
|
50% of participants deem price to be their main incentive when placing orders of awarding contracts, followed by reliability with 31.5%.
|
| 4. What is the most important aspect you feel your customers consider when placing an order or awarding a contract? |
|
A majority 71.3% of voters believe price to be their customers’ foremost objective when placing an order or awarding a contract.
|
| 5. From which sectors are you winning most business? |
|
The highest votes were recorded for education with 23.6% of votes, followed by commercial, 20.9%, and then agricultural, 19.8%.
|
| 6. How would you best describe your margins? |
|
A huge 88.9% of participants have reduced to heavily reduced margins.
|
| 7. Have you reduced margins to below cost to ensure winning a contract? |
|
Whilst 25% have reduced margins to below cost, a majority 75% have not.
|
| 8. How are your enquiry levels? |
|
Enquiries are positively high with 44.4% reporting very good levels.
|
| 9. How is your potential/confirmed order book for the next 6 to 12 months? |
|
A majority 43.4% report low potential/confirmed order books for the coming 6 to 12 months. This was followed closely by 35.8% - average results.
|
| 10. What do you feel will happen to future steel prices in the next 6 months? |
|
66% of participants believe steel prices will remain the same, while 28.3% sense they shall increase.
|
Released: 2010-02-15 00:00:00
