Friday, February 19, 2010

Going up Up UP

All of our manufacturer's have reported additional price increases expected to happen in March. We just had an increase on February 1st, but we were able to absorb most of the cost with only a few products increasing slightly. It looks like the next increase will effect all panels and flashings. These increases are being driven by higher raw material costs for iron ore, metallurgical coal and scrap, as well as the limited amount of import steel coming into the US. All quotes currently outstanding are good through March 14, 2010, and will have to be revised after that date.

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