Universal Stainless announces base price increase on speciality steel long products
BRIDGEVILLE, Pa. — Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) has announced base price increases ranging from 3 percent to 10 percent on specialty steel long products manufactured at its Bridgeville, Dunkirk and North Jackson facilities. The increases will be effective for all non-contractual new orders entered Feb. 5, forward. Current material and energy surcharges will remain in effect.
Chris Zimmer, Executive Vice President and Chief Commercial Officer, commented, “We are committed to providing our customers high quality steel with industry leading delivery performance and lead times. This price adjustment is necessary to support our ongoing reinvestment into our operations and facilities to better serve our customers.”
About Universal Stainless & Alloy Products, Inc.
Universal Stainless & Alloy Products, Inc., headquartered in Bridgeville, Pa., manufactures and markets semi-finished and finished specialty steels, including stainless steel, tool steel and certain other alloyed steels. The Company’s products are used in a variety of industries, including aerospace, power generation, oil & gas and heavy equipment manufacturing. Established in 1994, our experience, technical expertise, and dedicated workforce stand committed to providing the best quality, delivery, and service possible. More information is available at www.univstainless.com.