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Universal Stainless to raise retail prices



By AP
16 May 2008 @ 07:17 am EST

BRIDGEVILLE, Pa. - Steel producer Universal Stainless & Alloy Products Inc. said Friday it will raise retail prices by 3 percent to 5 percent on all stainless and high-strength low alloy grade products made at its Bridgeville and Dunkirk facilities.

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The increase will be effective on all orders starting June 1, the company said.

The company added that current material and energy surcharges will remain in effect.

Universal Stainless said it had to raise prices to offset the impact of higher energy and operating supply costs.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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