Universal Stainless Announces Tool Steel Base Price Increase
06/30/2008 - Universal Stainless & Alloy Products announces base price increases of 5% to 7% on all tool steel products manufactured at its Bridgeville and Dunkirk facilities.
Universal Stainless & Alloy Products, Inc. announced base price increases of 5% to 7% on all tool steel products manufactured at its Bridgeville and Dunkirk facilities.
The increase will be effective with all new orders entered on July 1, 2008.
“The price adjustment is necessary to offset the impact of sharply higher energy and operating costs as we focus on responding to continued strong market demand,” said Chris Zimmer, Vice President of Sales and Marketing. “This action will enable us to continue our reinvestment in equipment and facilities to better serve our customers.”
The company noted that current material and energy surcharges would remain in effect.
Headquartered in Bridgeville, Pa., Universal Stainless & Alloy Products, Inc. manufactures and markets a broad line of semi-finished and finished specialty steels, including stainless steel, tool steel and certain other alloyed steels. The company's products are sold to rerollers, forgers, service centers, original equipment manufacturers and wire redrawers.
