Yorkshire metal supplier invests £500k in stock after post-lockdown "boom"

A Yorkshire metal supplier has reported that it is investing £500k in its stock after a post-lockdown “boom”.

Metals4U has seen orders rise by 41 per cent compared to the same period last year, as industries such as construction begin to return to pre-coronavirus levels.

This increase in sales has resulted in metals4U renting additional warehouse space and investing an additional £500K in stock to meet demand.

Paul McFadyen, managing director of metals4U, commented: “We knew many people had used their time during lockdown to continue existing projects or embark on new projects that they may have lacked the time to schedule in before.

“Once lockdown was lifted, businesses, the construction industry, and the engineering sector needed to access a wide range of metal and engineering products that could be delivered the next day; this trend is clear to see from our sales data.

“Our largest customer base has always been the construction and engineering industries, so we are pleased to have been able to continue to provide materials for them during lockdown.

“With restrictions easing, we hope to see demand for our products continuing to rise and that the key industries we supply begin to return to pre-coronavirus levels.”