Wheeling-Pittsburgh Steel Announces Surcharge
09/14/2005 - Wheeling-Pittsburgh Steel Corp. is implementing a raw materials surcharge of $75 per ton on shipments of all steel products.
Wheeling-Pittsburgh Steel Corp. is implementing a raw materials surcharge of $75 per ton on shipments of all steel products.
"The surcharge reflects significant increases in our costs," said Steve Sorvold, Vice President, Commercial. "The cost of scrap, natural gas and transportation that were already increasing have all risen dramatically since the disruptions caused by Hurricane Katrina. Natural gas is at record high levels. The surcharge reflects the unprecedented effect of Hurricane Katrina on these and other tightening raw material supplies."
The raw materials surcharge, which is in addition to the ongoing motor carrier fuel surcharge, becomes effective Sunday, Sept. 18, 2005.
Wheeling-Pittsburgh is a steel company engaged in the making, processing and fabrication of steel and steel products using both integrated and electric arc furnace technology. The company's products include hot rolled and cold rolled sheet and coated products such as galvanized, pre-painted and tin mill sheet. The company also produces a variety of steel products including roll formed corrugated roofing, roof deck, floor deck, bridgeform and other products used primarily by the construction, highway and agricultural markets.