2023-12-29

Short summary of 2023

Time flies and 2023 is already coming to an end. Westmetall would like to wish customers, suppliers and other partners a good continuation and a Happy New Year 2024.

2023 didn't turn out quite as we thought. The economy failed and prices fell. Despite this, Westmetall increased the delivery of material compared to the previous year, but turnover is slightly back. The LME in SEK/KG ended at approx. 1 sek/kg lower than at the start of the year.

In summary, it was significantly more stable than the previous year.

The tone for the future feels positive and we look forward to 2024 with excitement and hope for recovery and growth for all our customers. And peace on our earth.

With hope for a successful 2024 for all our friends.

Sincerely / Westmetall AB

-----------------------------------------------------------------------------------------------------------------------------------------------------

2023-09-14

Reportage in Kommun & Näringsliv

A while ago Westmetall had a visit from Axel from the newspaper Kommun & Näringsliv.

Please click on the image below to see their report about our company.

Number 4 / September 2023 (page40)

-----------------------------------------------------------------------------------------------------------------------------------------------------

2023-07-06

Half-year reconciliation

Q1 & Q2 has passed and we are heading into the summer holiday season.

The market situation feels stable in most of our customer categories, which of course pleases us.

We had expected a greater decline than has actually occurred. Commodity prices have fallen somewhat, but are being held up by extremely high currencies.

Since the turn of the year, the price in the LME is down approx. 1.40 sek/kg.

Westmetall wants to thank you all for the past six months and wishes you all a nice summer.

-----------------------------------------------------------------------------------------------------------------------------------------------------

2023-01-18

Aluminium prices are predicted to increase sharply

Since the turn of the year, the raw material price of aluminum has risen by approx. 2,5 sek/kg.

Premium is also increasing, and now Goldman Sachs announces that they are predicting a sharp increase in the price of aluminum during the year.

See link to the article: Goldman on Aluminum (Aluminium) Market News: January 15, 2023 - Bloomberg

-----------------------------------------------------------------------------------------------------------------------------------------------------

2022-12-30

Short summary of 2022

2022 is coming to an end and team Westmetall would like to wish our customers, suppliers and other partners a good continuation and a Happy New Year. 

For Westmetall, the past year has meant strong growth, investments in warehouse space, personnel and production.

After Russia's invasion of Ukraine in February, the Aluminium raw material price peaked and has since fallen back to levels we had at the beginning of the year. www.westmetal.se/lme--valutautveckling

We have been working on a new website for the past month, which is now published. Our complete stock range is now available in PDF format and will be avaliable in catalog form in the near future. westmetal.se/sortiment

With hope for a succesful 2023 for all our friends.

Kind Regards / Westmetall AB

-----------------------------------------------------------------------------------------------------------------------------------------------------