STEEL PRICES

Steel prices initially showed a steep upward price trend in 2021. But from August, prices started to fall before stabilising towards the end of the year, albeit at a much higher price level than at the beginning of the year.

The steel price fluctuations have a direct financial effect on the Business Units. De Boer Staal and Staco. It remains a challenge to fully pass on the rising import costs to our customers. At the same time, it is difficult to determine the right time to buy steel.

Market price development steel - kwarto sheets and hot rolled coils

DE BOER STAAL OVERALL GOOD PERFORMANCE

In 2021, De Boer Staal faced many challenges, but overall, the Business Unit has shown good performance. Because De Boer Staal had large stocks of steel, rising steel prices led to higher turnover and higher margins which made up for lagging volumes. De Boer Staal is working on a new strategic plan to determine the direction of the Business Unit for the next three to five years.