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Universal Stainless Announces Base Price Increases
Mar. 9, 2010 Universal Stainless & Alloy Products, Inc. announced base price increases of 3% to 5% on all stainless and low alloy grade products manufactured at its Bridgeville and Dunkirk facilities.
"We are committed to providing our customers high-quality steel with industry leading delivery performance and lead times,” commented Chris Zimmer, Vice President of Sales and Marketing. “This price adjustment is necessary to support our ongoing reinvestment into our facilities to better serve our customers."
The increase will be effective for all new orders entered March 15, 2010.
The company noted that current material and energy surcharges will remain in effect.
Headquartered in Bridgeville, Pa., Universal Stainless & Alloy Products 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.