DMC Global's (BOOM) DynaEnergetics said Tuesday it will impose a tariff surcharge of 7% to 9% on all perforating systems it sells in North America, effective Wednesday.
The oil and gas industry technology provider said the surcharge is being added in response to higher raw material costs resulting from US tariffs announced by the Trump administration.
The price hike will be applied to all its systems and components it sells to North America's onshore oil and gas industry, the company said, contending that using a surcharge maintains "transparency in its pricing."
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