Universal Stainless Hiking Prices

Company raising prices due to higher manufacturing costs.

Universal Stainless & Alloy Products, Inc. announced a 3 percent price increase, effective with orders placed September 2 for 15-5 and 17-4 precipitating hardening products as well as all other steel grades requiring electro-slag or vacuum-arc remelting, including the Company's high-strength, low-alloy grade products.

The company will continue to apply all surcharges that are currently in effect.

Mac McAninch, President and CEO, commented: "This change is necessary due to higher manufacturing costs associated with the production of these more sophisticated products."