Both of the above points are true to some degree, although not all steelbooks which have actually sold out come back into stock.
To find out whether a Zavvi steelbook has actually sold out you're better referring to the threads over at Blu-ray.com in the steelbook sub-forum.
In regards to the new wave of Arrow steelbooks, none have actually sold out yet as the only ones which have gone live are City of the Living Dead, Day of the Dead, and Maniac Cop.
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