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.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。