Cemco looking to offset steel cost squeeze
Apr 11, 2014 | 05:50 PM
| Frank Haflich
LOS ANGELES California Expanded Metal Products Co. (Cemco) is looking to boost steel framing prices by 5 to 10 percent April 21, as it moves to ease a cost-price squeeze created by rising galvanized sheet tags.
Cemco, considered one of the largest framing producers on the West Coast, also expects to post a similar increase in June to counterbalance higher steel costs, executive vice president Tom Porter said in an interview with AMM.
The City of Industry, Calif.-based company has seen "a slow creep in steel prices" since November, but has been unable to raise its own prices, Porter said, estimating that his companys cost of galvanized sheet will be up $100 per ton from late last year through June.....
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