With the weakening of the dollar, as well as a possible strike at the world’s largest copper mine, copper comex has spiked by more than $0.18 in the last 4 days.
This, coupled with the 10% aluminum and 25% steel tariff implementation for imports from Canada, Mexico and the EU, now in effect as of June 1st, has put additional pressure on material costs. To address this situation, we are issuing a price increase effective close of business Friday, June 8th, so effective as of Monday morning, June 11th. The net effect of this increase will be an increase in the range of 6% to 8% from our current levels.
For specific details, please contact your local agent.