We regrettably, are forced to increase our prices due to rising material and freight costs. As you are all aware, steel, aluminum and copper prices have risen significantly in recent months. Steel is up 44%, aluminum is up 15%, copper is up 22%, and freight costs have increased close to 16%.
A price increase of approximately 10% for Site Pro 1 products will go into effect on June 4, 2018. We will e-mail all current customers new price lists. "
How before these price of metals hit the consumer?
By John W. Miller and
William Mauldin
March 1, 2016 7:23 p.m. ET
18 COMMENTS
The Department of Commerce Tuesday imposed preliminary duties on imports of cold-rolled steel, used to make auto parts, appliances and shipping containers, from seven countries including China, whose steelmakers were slapped with a massive tariff.
The duties, set at 265.79% for Chinese steelmakers, will be imposed within the next week but must still be confirmed in a final determination scheduled for this summer. They are meant to punish dumping, or selling below cost. to improperly gain market share. Chinese officials have denied the practice.
After enduring one of their worst downturns ever, American steelmakers are now counting on tariff protection to help ride out a weak market. A slowdown in the steel-heavy oil-and-gas industries combined with a boom in Chinese exports has deflated steel prices around the world.
Lack of truck drivers. I’ll have to try and dig the article up again. Those who have contracts are finding they didn’t plan well enough and have more business than the contract calls for and have been trying to find independent’s to ship with on the spot market, and they are getting harder to get and the prices are skyrocketting.
