Sep. 8, 2006 — Universal Stainless & Alloy Products, Inc. announced a 3% base price increase on all air melted and premium melted stainless and high-strength low alloy grade products.

The increase on air melted products will be effective with all new orders placed and shipments scheduled on or after September 11, 2006. The increase on premium melted products will be effective with all new orders placed and shipments scheduled on or after January 1, 2007.

Richard Hack, Vice President of Sales and Marketing, commented, "While the surcharge mechanism addresses changes in pure commodity costs, other costs not covered have continued to increase as well. These 'hidden' costs have become a more significant share of our total product cost, necessitating this increase in base pricing so we can continue to reinvest in our operations to serve the needs of our customers."

The company notes that material and energy surcharges will remain in effect.

Headquartered in Bridgeville, Pa., Universal Stainless & Alloy Products, Inc. manufactures and markets a broad line of semi-finished and finished specialty steels, including stainless steel, tool steel and certain other alloyed steels. The company's products are sold to rerollers, forgers, service centers, original equipment manufacturers and wire redrawers.