Universal announces price hike

Universal Stainless & Alloy Products Inc. has announced a 4% price increase on tool steel plate products, effective with orders placed 10 March 2003 and later. 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: “This is the first price increase on tool steel products in several years and is necessary because of substantial increases in raw material, energy and other operational costs.”

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