Between 2002 and 2005, steel prices more than doubled and showed no sign of easing. At the same time, lower-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, this created a serious commercial challenge. If the range could not be re-engineered to a lower cost base, it would become increasingly difficult to justify UK manufacture while remaining competitive.