A busi­ness used to in­sta­bil­ity

Yorkshire Post - Business - - BUSINESS -

THE STEEL mar­ket may have set­tled fol­low­ing its pre­vi­ous volatil­ity, but there re­main sources of in­sta­bil­ity.

Global de­mand is high, but steel pro­duc­ers are big en­ergy users and are feel­ing the im­pact of ris­ing oil prices.

The pound is weak, help­ing ex­ports, but that has been caused largely by Brexit, which Mr James says is “al­ways a con­cern”.

Nev­er­the­less, he is con­fi­dent that he can lead the 95-year-old com­pany, with its reshuf­fled man­age­ment team, on to greater things.

Mr James said: “As a busi­ness we’ve been through ev­ery kind of en­ergy mar­ket, bank­ing and fi­nan­cial tur­bu­lence you can think of.”

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