NLMK Indiana, Duferco Farrell Corporation and Sharon Coating announced Friday that due to increasing raw material costs, extending lead times, and continuing growth in demand, there will be a minimum base price increase of $2.50 cwt. ($55/mt or $50/nt) for all product lines. This increase is effective immediately for all new orders, and any previous offers which have not been accepted are subject to review.
Concurrent with this announcement, NLMK Indiana, Duferco Farrell Corporation, and Sharon Coating are opening their April book for Specialty Steel Product lines, and will open April for the general product line in the near future.