______________________________________________________________________________________________ Dynamic Metals
“ The irony is that we’ re actually on for a record year, but it’ s been completely overshadowed by whether or not we’ re even going to have an industry next year. We’ re tied into contracts for long periods – our aerospace build programs go up to 2029 and beyond,” Alex details.“ We’ ve fixed prices as far as we could with the mills, but we’ re going to be the ones paying as we’ re going to have to increase our prices by 50 percent and try to negotiate those price changes with our customers or we won’ t be here.”
“ Machine components will also come into the UK tariff fee meaning that, as our engineering companies go under, the European manufacturing sector will get stronger as they have the capacity for machining manufacturing,” Sam says.
“ They can buy steel without this penalty, make parts in the EU, and ship them back to the UK – and it’ ll be more cost-effective than anyone making the parts here themselves, which is fundamentally wrong,” Alex continues.“ We’ re proud to be a UK company and we have a very loyal customer base that we’ d like to keep,” Alex emphasizes, concluding our conversation.“ Manufacturing has been a lifetime’ s work for Sam and I and we’ re very passionate. We largely agree with what the government are trying to do in protecting British steelmaking, but we’ re stuck in very complex supply chains with long material lead times so it’ s going to take several years at the very least to turn this around.” ■
www. dynamicmetalsltd. com
manufacturing-today. com 165