Further increases in material prices in 2022
Energy and carbon taxes drive material prices higher in 2022. Filame analyzes the latest trends in the steel and stainless steel markets.
Unfortunately, the beginning of 2022 did not result in a decrease in material prices or even a slowing down of the price increase.
At the beginning of the year, the trends observed at the end of 2021 continue in the same direction and to this is added the increase in energy prices. Several steelmakers and stainless steel foundries are starting to apply an “energy and carbon tax” to pass on the sharp rise in energy costs and the additional costs associated with the new regulations on C02 emissions.
Having reviewed its supplier base, Filame expects the following price increases in the coming weeks:
– SH spring steel wire : increase of 150 € / ton
– Hardened C75 steel sheets and coils : increase of 200 € / ton
– Stainless steel : increase of the steel part (excluding alloy surcharge) by €700/tonne and “addition of an energy and carbon tax” from €235 to €250/tonne
As for wire and spring steel, as these prices are fixed every six months, there should be no further increase before 1 July 2022.
The price of other materials is much more variable and in particular the price of stainless steel depends on the alloy surcharge, which is set monthly.
