Price update 1. November 2020

The prices are relatively stable from the manufacturers, and our changes relate to the exchange rate as well as some price adjustments that were delayed. The steel market in Europe shows little change compared to last month. Many steel mills are trying to raise the price of products used in the automotive industry. This would ensure that the producers have better opportunities for the first quarter discussion in 2021. This might be the feasible consdering some products experience longer lead times and tighter availability. On the other hand, the situation of COVID19 in the EU has worsened, and the uncertainty hampers future prospects and the willingness to take unnecessary risks.

Stainless steel are experiencing higher alloy surcharges for us in November, although there will be little price effects due to the base price going down. Aluminum are durging on the commodity exchanges, but we have not experienced increased prices from the plants yet, thus warding off any price changes.

The copper market has risen steadily throughout October from a dip in late September, and the prices for zinc follow the same pattern. Lead, on the other hand, continues to remain at a weaker level, largely due to high stock figures, especially in the EU.

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

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