16 Dec Steel Price Increase Announcement
FROM THE DESK OF TIM SCHROCK:
Date: December 13, 2016
Subject: Steel Price Increase Announcement
In recent weeks, steel prices have increased aggressively, stimulated by an expected rise in demand and strict foreign trade enforcement. We have seen some of these increases already implemented with more forthcoming this month and next, which is requiring us to announce a price increase.
All new orders beginning January 9, 2017, will be subject to an increase in the range of 7-9%. Additionally, current backlog orders and orders entered using current pricing must ship by April 3, 2017, or be subject to a pricing review.
We will continue to monitor steel trends and communicate additional impacts in a timely manner. Please encourage your customers to take advantage of the current prices as we expect this trend to continue.
We’d like to thank you for your continued business in 2016, and we look forward to working together in 2017 to improve our services in an effort to support and grow your business.
Timothy B. Schrock, PE