Universal Stainless & Alloy Products, Inc. announced base price increases of 5% on all air melted and 7% on all remelted steels, effective with shipments scheduled for January 17.

The increase I applicable to shipments of ingot, slab, billet, bloom, bar, flat bar, round bar, hexagon, square, rod and wire products manufactured at its Bridgeville, Pa., and Dunkirk, N.Y., facilities.

Dudley J. Merchant, Vice President of Sales and Marketing, commented, "This price adjustment is needed to offset the impact of higher energy and manufacturing supply costs. Our goal is to supply our marketplace with an increased supply of high quality products."

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 original equipment manufacturers, service centers, forgers, rerollers and wire redrawers.