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USAP - Universal Stainless & Alloy Products hike prices on bar products
Universal Stainless & Alloy Products Inc.
2023-03-08 11:45:33 ET
Universal Stainless & Alloy Products ( NASDAQ: USAP ) on Wednesday announced a base price increase of 7% to 12% on bar products, effective immediately.
Current material and energy surcharges will remain in effect, the company said.
“We are in an environment that has brought sharp inflationary cost increases to nearly all areas of our business, and it is necessary for us to adjust our pricing to keep up with this higher cost burden," EVP and chief commercial officer Chris Zimmer said.