By Stephen Nakrosis
Ampco-Pittsburgh said its wholly-owned Union Electric Steel subsidiary will raise base prices on all forged and cast products produced globally by it and its subsidiaries.
The price increases of 6% to 8% are effective immediately on all new orders, and material and energy surcharges will remain in effect, the company said.
The company said the hikes are driven by inflationary cost increases in labor, health care, mill supplies, and other elements not included in the surcharge. Skip Reinert, the company's vice president of sales and marketing, said "this price adjustment is necessary to maintain a reliable security of supply of superior quality of all our products for our customers."
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
March 11, 2025 16:31 ET (20:31 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。