More copper products mills mull price increase
Apr 19, 2013 | 03:35 PM
| Suzy Waite
NEW YORK A planned price increase by GBC Metals LLC, a division of Olin Brass Inc., for light-gauge, narrow-width and specialty finish products has encouraged other domestic mills to consider implementing a similar hike, although service centers say the mills will receive quite a bit of push back from distributors and original equipment manufacturers (OEMs).
Louisville, Ky.-based Olin Brass increases will be anywhere from a "couple of cents to the mid-teens," depending on the thickness of the product (amm.com, April 15).
The company maintains that a disparity has existed for decades due to "historical pricing grids that do not reflect todays cost differential of pricing of these products," noting that light-gauge and narrow-width products require "more processing steps, more equipment time, more labor and incur more supplies and more utility expenses."....
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