Between 2002 and 2005, steel prices more than doubled and showed no sign of easing. At the same time, low-cost imported alternatives began appearing in the market, increasing price pressure and steadily eroding margin on fabricated steel products.
For Thorworld’s mobile yard ramps (used to bridge height differences for forklift loading into containers and bays), this was an existential commercial problem: if the range couldn’t be re-engineered to a new cost base, it would become increasingly hard to justify UK manufacture while staying competitive.