Choose Norwegian production 🇳🇴

Right now, it is particularly advantageous to choose Norwegian production. The Norwegian krone is at a record low. This means that the price of services in Norway is lower than in many other countries. Companies that choose production in Norway can make good choices.

Norwegian production is beneficial for many reasons:

1. The Norwegian krone is up to 20% cheaper than 12 months ago against the US dollar, euro and Danish krone
2. You choose safe production according to Norwegian laws and regulations
3. You choose quality with full documentation on everything from materials, to production and transportation
4. You can easily follow up on your projects and you get to know the company. Language and good dialog are important
5. You support local, Norwegian jobs
6. Local production means shorter transport distances, which is better for the environment

As an example, we can look at the US dollar, euro and Danish krone against the Norwegian krone. We have taken the figures from Norges Bank and looked at March 31, 2022 versus March 30, 2023.

• The US dollar has risen 19.3 percent against the Norwegian krone over the past year. This situation between the dollar and the Norwegian krone has not been weaker since 1970
• The euro has risen by 16.9 percent. This is the weakest level since the introduction of the euro in 1999, with the exception of a short period during the coronavirus pandemic.
• The Danish krone has appreciated by 16.8 percent. Denmark has a fixed exchange rate policy for the euro, which keeps the Danish krone stable against the euro

This means that prices in Norway are up to 20% cheaper, compared to the same situation 12 months ago.

All production in Bryne

Nordic Steel has all its production in Norway, at Bryne in Rogaland. This is a conscious and forward-looking choice.

- We build jobs and create local ripple effects, because we believe that everyone can make a difference. It is important for us to create value for our customers. We do this by being close to them at all stages. We work together and create quality together," explains Børre Lobekk, CEO of Nordic Steel.

Competitive

Nordic Steel delivers to projects at home and abroad and to all industries. Contracts are won on quality, price, and safe and precise delivery. Norwegian industry is competitive.

- Right now, the krone exchange rate is low and Norwegian production is particularly favorable. However, we believe that Norwegian production is a good choice regardless of the exchange rate. The value we create together with our customers is unique," says Lobekk.

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Sources: Norges Bank, DNB, Danske bank, E24, DN, NRK

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