Applying Scrap & Alloy surcharges is an established way to adjust steel prices due to national and international variations in cost for scrap and alloying elements. The surcharges are generally based on published prices for the elements.

The reason for applying Scrap & Alloy surcharges is that longer price agreements can be negotiated, to the benefit of both customers and suppliers.

For transparency reasons, we also show the alloy influence of each element, as well as historic data.

Ovako surcharges for the last twelve months can be found below and Exchange Rate (SEK) last twelve months can be found here.

History exchange rate (SEK)

Month Norway

November 2023

0,967 0,630 0,084


October 2023

0,966 0,631 0,085


September 2023 0,975 0,640 0,086


August 2023 1,003 0,638 0,086


July 2023 1,032 0,655 0,088



We made it! But we are still not satisfied

What a journey! It took years of hard work to make our steelmaking operations more sustainable. In 2022, we went carbon neutral in all operations. But we´re still not satisfied - our journey towards steel production without CO2 emissions continues.

Read more about our path to carbon neutrality