Rising Steel Prices

Over the past two years, we've all felt the effects of rising costs across various industries. One significant challenge has been the consistent increase in the base prices of steel products worldwide. From sheet steel to laser-cut parts and even nuts and bolts, these price hikes have touched every corner of our sector. At Ridgeway, we understand the pressure this puts on businesses, and we are committed to minimising the impact on our valued customers.

Understanding the Steel Price Surge

The global steel market has experienced substantial shifts recently. Several factors have contributed to these rising costs, including increased demand, supply chain disruptions, and fluctuations in raw material prices. As the backbone of our manufacturing processes, steel is essential to the production of tipping skips and forklift attachments. Consequently, these price increases directly affect the cost of our products.

Our Commitment to Customers

At Ridgeway, we believe in transparency and partnership. We want our customers to understand that while we can't control global market trends, we are doing everything within our power to manage and mitigate these challenges. Here are some of the steps we are taking:

1. Collaborative Supplier Relationships: We work closely with our suppliers to negotiate the best possible prices. By fostering strong relationships and leveraging our buying power, we can often secure more favourable terms, which helps keep our costs down.
2. Market Monitoring: Our team constantly monitors market trends and forecasts. This vigilance allows us to anticipate changes and adapt our strategies accordingly. By staying ahead of the curve, we can make informed decisions that benefit our customers.
3. Efficient Operations: Streamlining our operations is another key strategy. We continually look for ways to improve our manufacturing processes, reduce waste, and increase efficiency. These efforts help us offset some of the increased material costs and maintain competitive pricing.
4. Innovation and Technology: Investing in new technologies and innovative production methods enables us to enhance productivity and reduce costs. By embracing advancements in manufacturing, we can deliver high-quality products at more affordable prices.

Minimising Customer Impact

We understand that rising costs can strain budgets and disrupt planning. That's why we are committed to offering solutions that help our customers manage these challenges. Here are some ways Ridgeway is working to support you:

1. Competitive Pricing: Despite the rising costs, we strive to offer competitive pricing on all our products. Our goal is to provide you with the best value for your investment without compromising on quality.
2. Flexible Solutions: We offer a range of products to suit different needs and budgets. Whether you require basic models or advanced custom solutions, we can help you find the right fit for your operations.
3. Customer Support: Our dedicated customer support team is always available to assist you. Whether you have questions about pricing, product specifications, or order status, we are here to provide the information and support you need.
4. Long-term Partnerships: We view our customers as partners. By building long-term relationships, we aim to understand your business better and provide solutions that align with your goals. Together, we can navigate these challenging times and emerge stronger.

Looking Ahead

While the current market conditions present challenges, they also offer opportunities for growth and innovation. At Ridgeway, we are committed to turning these challenges into opportunities by continuously improving our products and services. We believe that by working together with our customers and suppliers, we can overcome these hurdles and build a brighter future.

Thank you for your continued trust and support. We are here to help you navigate these changes and achieve success in your operations. If you have any questions or need assistance, please don't hesitate to contact our team.