Ampco-Pittsburgh Corporation announced today that its subsidiary, Union Electric Steel Corporation will raise base prices 10-15% on all forged and cast roll products that it and its subsidiaries produce globally. This increase is effective on all new quotations and new orders. Material and energy surcharges will remain in effect.

The price adjustments are driven by continued inflationary cost increases in all areas of our business that are not captured by a surcharge.

Commenting on the announcement, Skip Reinert, Vice President of Sales and Marketing, stated, “The overall metals industry has seen a dramatic increase in costs due to an inflationary environment not seen in 40 years. This price adjustment is necessary to maintain a reliable security of supply of superior-quality products for our customers.”

 

Source:businesswire.com

 

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