- Ampco-Pittsburgh ( NYSE: AP ) on Thursday announced that its subsidiary, Union Electric Steel will raise base prices 10-15% on all forged and cast roll products that it and its subsidiaries produce globally.
- The increase is effective on all new quotations and new orders. Material and energy surcharges will remain in effect.
- The price adjustments are driven by continued inflationary cost increases in all areas of business that are not captured by a surcharge, the company said.
- Shares up +3.4% at $3.03.
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Ampco-Pittsburgh's unit hikes prices by 10-15% on all forged and cast roll products