OSTP News

Rely on Tube fair success!

The Tube 2022 exhibition in Düsseldorf, together with our customers, we joined the best. A big thank you to all who came to visit our stand. Following the two years of Pandemic restrictions it was important and well overdue for us to meet face to face once again with you, our valued customers, and friends.

At least in Europe the worst of the Pandemic seems behind us, and a more traditional life has returned for most with unlimited gatherings and travel.

We should all remain conscious of our responsibility to ourselves and others to always consider health and safety as a priority.

After what seemed like a very long and cold winter in the Nordics finally the summer seems to be arriving and the mid-summer celebrations will be upon us, to the great joy of all Scandinavians!

For those of you who could not make it to Düsseldorf, we hope to meet you all at the Stainless Steel World Exhibition, taking place in 2022 from the 27th to 29th of September in Maastricht.

See you soon! 

EXPORT COMPANY OF THE YEAR

On the 12th of May, OSTP in Örnsköldsvik was recognized as Export Company of Year at the annual Företagarkvällen event in Örnsköldsvik, Sweden. This was the 14th year for the event, and the award was presented by the Mid Sweden Chamber of Commerce in association with Industrigruppen.

Anna Edblad, Industrigruppen; Reinert Svensson, MD OSTP Örnsköldsvik and Anders Eriksson, Mid Sweden Chamber of Commerce.

The nomination said of OSTP:

“For more than 100 years, the company has manufactured and distributed tubes and butt weld fittings to demanding customers in Europe. Exports represent 90% of its sales, which are primarily directed to process and chemical industries. With unique competence among its employees, OSTP strives to deliver with the highest precision and quality, every day. No pipe or fitting seems impossible for OSTP to manufacture.”

Reinert Svensson, MD at the Örnsköldsvik site, says:

“I’m really proud of this recognition and award. It is a recognition of our company and our products, but most of all it is an award for all the great work performed by our skilled and committed colleagues. It is an award for our entire team.”

Thomas Hellman, Product Manager Butt Weld Fittings, comments:

“Over a long period, we have established OSTP as market leader for butt weld fittings in Europe. The ability to develop unique production processes and adapt to market requirements has put OSTP in front, generating stable growth and profitability.”

Commercial update 29.3.2022

Market update for OSTP Group Customers:

LME has now traded for three consecutive days (25th, 28th & 29th ) within Daily Trading Limits (+/-15%).

This has enable the LME to publish Official Cash Closing Rates for these days. Naturally we cannot be assured that further disruption days will not occur but seemingly and hopefully some stability is returning.

OSTP as advised earlier was able to published its applicable AAF rates for April-22 delivered materials (Process Pipes and BWF’s) as expected by the normal due date (25th March).

We encourage and welcome all our customers to engage in dialogue with us through your normal contact routes so we can together plan your material needs for April to June so we can best adjust our planned production programs to ensure we maximise on time supplies and prepare mill stocks for the Summer Shut down period.

At current Nickel rates and the 20% increase to Q2 FeCr rates it should be naturally expected
that AAF rates will increase still further in May at least if current conditions continue.

We remain committed to maintain regular news updates on our website for your information and guidance.
All information is given in our announcements are done so in good faith and without any liability or responsibility based on the best information available to us at the time of announcement.

For more information:
David Garrett
Head of Group Sales & Marketing
david.garrett@ostp.biz
Mobile: +46 (0) 76 818 26 29

Commercial update 24.3.2022

Market update for OSTP Group Customers:

LME has now traded for three consecutive days (25th, 28th & 29th ) within Daily Trading Limits (+/-15%).

This has enable the LME to publish Official Cash Closing Rates for these days. Naturally we cannot be assured that further disruption days will not occur but seemingly and hopefully some stability is returning.

OSTP as advised earlier was able to published its applicable AAF rates for April-22 delivered materials (Process Pipes and BWF’s) as expected by the normal due date (25th March).

We encourage and welcome all our customers to engage in dialogue with us through your normal contact routes so we can together plan your material needs for April to June so we can best adjust our planned production programs to ensure we maximise on time supplies and prepare mill stocks for the Summer Shut down period.

At current Nickel rates and the 20% increase to Q2 FeCr rates it should be naturally expected that AAF rates will increase still further in May at least if current conditions continue.

We remain committed to maintain regular news updates on our website for your information and guidance.

All information is given in our announcements are done so in good faith and without any liability or responsibility based on the best information available to us at the time of announcement.

For more information:
David Garrett Head of Group Sales & Marketing david.garrett@ostp.biz Mobile: +46 (0) 76 818 26 29