NEW YORK Olin Brass Inc.,
a subsidiary of Global Brass & Copper Holdings Inc. (GBC),
says it will increase the fabrication price on all copper and
copper finished products by 6 percent with all new orders
received for shipment on or after July 1.
"This increase is focused on the
recovery of rising costs associated to labor, health care,
utilities, transportation, supplies and services that Olin
Brass continues to absorb in virtually every functional area of
our business today," the company said May 1.
The price hike is in addition to
a price increase on its light-gauge and specialty finish
products last month (
amm.com, April 15).
The increase will be implemented
across Olins entire customer base, including all original
equipment manufacturers; all supply chain partners, including
sister company A.J. Oster LLC; and all Olin Brass businesses,
such as Bryan Metals LLC, Olin Brass Fabricated Products, Olin
Brass Fineweld Tube and Somers Thin Strip, as well as
Olins international units.