Universal Stainless Announces Stainless Base Price Increase

General Stainless Steel Products (USAP) today announced that its benchmark prices for all stainless steel products produced by Bridgeville, Dunkirk and North Jackson have risen by 5% . This growth will be effective for all non-contract new orders entered on October 1, 2017. The current material and energy surcharges will continue to be valid.

Chris Zimmer, Executive Vice President and Chief Commercial Officer, commented: "We are committed to providing our customers high quality steel with industry leading delivery performance and lead times. This price adjustment is necessary to support our ongoing reinvestment into our facilities to better serve our customers."

Source:Yahoo Finance