Surcharge and Review Period
Over the past few months we have had to contend with extremely volatile prices on the raw material markets, with prices for hot-rolled wide strip steel in particular being virtually impossible to predict. The reasons include rising Chinese export and production costs and, in particular, the effects of the Russia-Ukraine conflict: in the coming period, substantial volumes of steel previously coming from these nations will probably have to be replaced on the world market.
WIKUS is cushioning a considerable part of the price increases and supply bottlenecks in the steel trade through numerous measures such as increasing production capacities, but there is currently no end in sight to the unstable price factors. We therefore introduced a variable price increase as early as July 2021 in order to maintain our supply capability.