Price update 1. December 2020

Our products are experiencing increases due to capacity limitations and higher raw material prices. This is most clearly seen in products of carbon steel coil material, which is driven by the production in the automotive industry. This in turn has led to higher raw material costs which contribute to higher prices for many other steel products. Raw material prices are also helped by the high market activity in Asia and Turkey. This year Turkey surpassed Germany as the largest producer of steel in Europe. Meanwhile, a stronger Norwegian krone contributes to soften the changes for us.

Aluminum prices have risen steadily throughout the autumn, and are now at the highest level this year on the LME exchange in London. Stainless steel will continue its increases in alloy extras into next month.

Lead, zinc and copper are all at the highest price level this year. Lead in particular skyrocket over the last month. The rise in lead is probably due to more policies in making transportation electric, particualrly from the USA. The metal the is an important component for car batteries.

See the latest price update here (.pdf in Norwegian). Most products will be close to these changes, but discrepancies will occur.

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