Universal Stainless announces titanium surcharge

Universal Stainless announces titanium surcharge

Bridgeville, Pennsylvania-based steel producer Universal Stainless announced today that it will begin to include titanium in its raw material surcharge formula for titanium-bearing grades of stainless steel and nickel alloys effective for shipments as of May 16, 2005. The surcharge will be based on Ryan's Notes to establish the monthly average for ferrotitanium (FeTi). Universal Stainless indicated that rising titanium prices compelled the company to add a titanium component to its raw material surcharge.