Press Release - February 5, 2008
Pricing Announcement
Dear Valued Customers,
We have been notified by our steel suppliers of a significant increase in the
cost of coil and plate steel. This steel increase along with increases in fuel,
energy and labor costs have resulted in a general increase in all steel products
of approximately 6 % - 7 ½ %.
Open quotations will be honored at the quoted price for orders released for
manufacture by April 1, 2008. Expired quotations will be re-quoted using current
labor and material costs. Purchase orders that have been received but are in
our “Pre-Booked” file pending approval and/or release will be subject
to price increases after their 60 day release period has elapsed or by April
1, which ever applies.
Effective immediately, existing price lists will be adjusted and new quotations
will reflect the increased cost. We will continue to keep you appraised of other
pricing changes on either steel or aluminum products as information becomes
available. Thank you for your support and we look forward to continuing our
business relationship in 2008.
Sincerely,

Ronald J. Martino
Vice President, Sales
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