Universal
Stainless and Alloy Products Inc. announced today it will increase base prices for tool steel
plate products and all premium melted steels consisting of vacuum-arc remelted and electro-slag remelted steels.
Base prices will be raised 5 percent on all tool steel
plate products and 8 percent on all premium melted steels, effective with shipments March 13, 2006.
"The base price increases are necessary to recover rising energy and
manufacturing supply costs while enabling us to continue our reinvestment in equipment and facilities to better serve the needs of
our customers," commented VP of sales and marketing, Dudley J. Merchant.
Universal
Stainless and Alloy Products Inc. is headquartered in Bridgeville, Pennsylvania, and manufactures and markets a broad line of semi-finished and finished specialty steels, including
stainless steel, tool steel and certain other alloyed steels.