Universal Stainless Announces Price Increase on Nickel-Based Alloys

Universal Stainless & Alloy Products, Inc. announced a 3-6 percent price increase on those nickel-based alloys it currently produces, effective immediately. The company will continue to apply its raw material surcharge policy already in effect on all of its products.

Mac McAninch, president and CEO, commented: "Higher costs make this price increase necessary. We will continue to review pricing on additional products as well, based on rising raw material, energy and other operational costs."

Universal Stainless & Alloy Products, Inc., headquartered in Bridgeville, Pa., manufactures and markets a broad line of semi-finished and finished specialty steels, including stainless steel, tool steel and certain other alloyed steels. The Company's products are sold to original equipment manufacturers, service centers, forgers, rerollers and wire redrawers.