NEW YORK Aurubis Buffalo Inc. will increase its fabrication charges by 6 percent on all copper and copper alloy sheet and strip products effective with deliveries July 1.
Thin-gauge and plated products will receive an additional charge depending on the cost of production, the Buffalo, N.Y.-based division of Germanys Aurubis AG told AMM.
"This price increase is required to offset inflationary costs of labor, health care, transportation, supplies and services at the Buffalo manufacturing plant," the company said.
Aurubis price increase comes just a week after GBC Metals LLC, part of Olin Brass Inc., introduced its own price hike for light-gauge, narrow-width and specialty-finish products (amm.com, April 15).
Although Olin Brass maintains that a price increase for these products was long overdue, service centers that the move was a bit premature for the industry, which has been stagnant for the past four years (amm.com, April 19).