Universal Stainless increases tool steel prices
Universal Stainless & Alloy Products, Inc announced a 4 percent base price increase on all tool steel plate products to be effective for shipments as of July 24, 2006. President and CEO Mac McAninch commented: "Our raw material and natural gas surcharge mechanisms remain effective. This price increase is necessary to help offset the rising costs of electricity and our manufacturing supply costs, while enabling us to continue our reinvestment in equipment and facilities to better serve the needs of our customers."
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