Universal Stainless increases nickel surcharge

Tuesday, 19 September 2006 14:42:04 (GMT+3)   |  
Universal Stainless & Alloy Products, Inc has announced that it is increasing the nickel premium component of its surcharge mechanism to 38 cents/pound from the current 30 cents/ pound effective for shipments as of October 1, 2006. Richard Hack, Vice President of Sales and Marketing, commented, "Strong market demand for nickel-based products has contributed to the rise in nickel premiums charged to us by our suppliers, which we need to pass on to our customers in order to maintain our profitability and continue to reinvest in our operations to serve our customers' needs."

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