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Increased production rate affects steel prices

4 April 2022

We have experienced unrest in the steel market from suppliers. A looming shortage of certain steel grades is seen as a result of increased production rates worldwide. The production of steel has not kept up, which has led to price increases and longer lead times from the steelworks. Sharply increased freight from Asia has also recorded. We are now forced to review incoming orders and check the material price after the offers have expired. Of course, we have a dialogue with our customers to see how we can solve the situation in the best way.

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