Allegheny Technologies Inc. announced that ATI Allegheny Ludlum is increasing prices on hot-rolled and cold-rolled stainless steel sheet, strip, Precision Rolled Strip and continuous-mill plate products.
The company announced that effective with shipments beginning March 8, 2004, prices are being increased by 3 percent.
Further, the company added that effective with shipments beginning March 29, 2004, prices are being increased by an additional 3 percent.
The existing raw materials surcharge remains in effect.
The company cited the rapid rise in raw materials, energy, transportation, health care and other costs as the reasons for the price increase.