Universal Stainless & Alloy Products, Inc. announced Friday that it will increase base prices on all tool steel products produced at its Bridgeville and Dunkirk facilities by five percent to seven percent.
This increase will be effective for all shipments beginning October 1, 2007.
The company's president, Ken Matz commented, "This action is necessary to cover higher energy and operating supply costs and to support our practice of capital reinvestment to better serve our customers."
Universal Stainless & Alloy Products, Inc. produces semi-finished and finished specialty steel products, which are sold to rerollers, forgers, service centers and equipment manufactures, for use in a variety of industries.