Dear Valued Customer,
You will be aware from recent communications that steel costs have continued to rapidly escalate. Key steel making inputs such as scrap, coking coal, Nickel, and containerised shipping costs have continued to rise significantly. In the past few weeks almost all our suppliers have announced increases of a magnitude that we can no longer absorb and we will now need to pass these onto the market.
Therefore effective 15 March 2021 we increase the following categories as follows;
Structural Steel +9%
Hollow Sections (RHS/SHS, ERW tube) +11%
Pipe- Galvanised, black, line pipe +13%
Valves and fittings +8-12%
Merchant Bar +14-16%
Reinforcing products +14%
Stainless Plate/Sheet + 10-14%
Stainless Bar, Angles +6-8%
Stainless Tube +15%
Engineering Steels(selected products) +5-15%
Coil + Sheet +10- 15%
Other products, including selected regional freight & processing charges + 2-6%
GM – Distribution.