Steel Price Increase Notification

 

 

January 12, 2017

Dear Valued Customer,

Steel is a global commodity, and that means the price of steel can be volatile. Prices can be influenced by several factors, including the price of scrap, the strength of the American dollar, and the general condition of the world economy.

Over the last 90 days we have seen steel and steel based construction materials increasing at an alarming rate. The combination of a stronger dollar and the expansion of the global economy have caused commodity pricing to increase sharply and all signs point to further increases in commodity pricing in the upcoming months.

Prices for scrap steel, wire rod, resins, and crude oil have all increased substantially.

  • Scrap steel prices have climbed significantly. Due to higher scrap steel costs, domestic rebar manufacturers announced $115 per ton in increases over the last 90 days.
  • Concrete reinforcing wire mesh manufacturers also received notices from their suppliers that their cost for January shipments of wire rod have increased and will continue to increase in the future.
  • Manufacturers of construction chemicals continue to announce price increases due to the rising costs for solvents, polymers, and other components used in their products.

Due to price increases from our suppliers, we will be instituting price increases on steel, chemical and petroleum based products.

In addition, due to the volatile nature of raw materials costs, all existing quotes are only good for ten (10) days from date of issue. Please visit an A.H. Harris Branch or speak with your A.H. Harris Account Manager for additional details

A.H. Harris is committed to offering you value-added products and solutions to meet your construction needs.  We look forward to continuing to provide the service that you expect and deserve and trust that our business relationship will continue to strengthen in 2017.

 

Kimberly J. Corwin, President & CEO A.H. Harris & Sons, Inc. Construction Supplies

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