NEW YORK North American Stainless Inc. (NAS) is increasing prices on its Type 304L and 316L alloy angles by 5 percent this month. The company said the increase is "necessary to support further investment in our business."
Ghent, Ky.-based NAS also said it is maintaining the fuel surcharge of 36 percent for flat and long products. The fuel surcharge is reviewed on a monthly basis.
The company announced its monthly surcharges on March 21, with most 300-series alloy surcharges dropping from March levels (amm.com, March 21).