UK steel service centre Malcolm Clarke to close

Spanish Market: Metals
03/04/25

Manchester-based steel service centre Malcolm Clarke will close by summer this year, the company said in a letter to customers and suppliers.

The company said any existing and new orders will be fulfilled in full and on time, ahead of its target closure date of June 2025. The closure may be slightly later than this date after its "orderly winding down", the company said. Suppliers will be paid before the closure, it added.

Malcolm Clarke in its financial results to June 2024, published on 2 April, announced that it would cease trading, so its accounts had been prepared "on a basis other than going concern".

"The business environment in which we operate has become increasingly unstable, with unpredictable shifts in market and regulation making it very challenging for small- to medium-sized participants in the day-to-day spot market," the company told Argus.

"Despite our best efforts to adapt and evolve, we do not envisage a short- to medium-term future where the situation is likely to improve significantly," it added, suggesting changes to the market were structural and permanent.

The business, which was incorporated in September 1970, has two heavy decoiling lines and also sells reversing mill plate.

By Colin Richardson

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09/04/25

Delta pulls full-year forecast amid US tariffs: Update

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Delta pulls full-year forecast on tariff uncertainty

09/04/25

Delta pulls full-year forecast on tariff uncertainty

Houston, 9 April (Argus) — Delta Air Lines pulled its full-year 2025 financial guidance today, citing US tariff-related uncertainty. "Given the lack of economic clarity, it is premature at this time to provide an updated full-year outlook," the airline said Wednesday in an earnings call. Delta said it hoped the growing tariff war woudl be resolved through trade negotiations, but that it also told its main aircraft manufacturer, Airbus, that it would not purchase any aircraft that includes a tariff fee. In the meantime, Delta is protecting margins and cash flow by focusing on what it can control, including reducing planned capacity growth in the second half of the year to flat compared to last year, while also managing costs and capital expenses, chief executive Ed Bastion said. The company reported a profit of $298mn in the first quarter of 2025, up slightly from $288mn in the first quarter of 2024. The company's fuel expenses were down by 7pc in the first quarter of 2025 compared to the prior year period. The average price Delta paid for jet fuel was $2.45/USG, down by 11pc to the prior year period. By Eunice Bridges Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

S Korea unveils auto industry support after US tariffs

09/04/25

S Korea unveils auto industry support after US tariffs

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Mexican peso weakens on US tariff fears

08/04/25

Mexican peso weakens on US tariff fears

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New medical device demand to disrupt rhenium market

08/04/25

New medical device demand to disrupt rhenium market

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