Dear Valued Partners:
The steel market has experienced significant volatility in recent months, witnessing a substantial increase exceeding 30% from earlier lows this year. The surge in wide coil costs is attributed to several factors, including limited availability due to manufacturers scaling back capacity, ongoing and escalating import tariff and duty restrictions impacting supply, and sustained robust demand within the general industrial market across North America. Additionally, futures indicate a potential for further price escalations.
As a result of these market dynamics, Unistrut will introduce new pricing structures effective April 7th, 2025. Generally, pricing for all North American Metal Framing, Accessories, and Fittings will see a blended increase of 10%. The new pricing structure for Unistrut's Import Line (Korefit) will be announced shortly.
We remain committed to providing unmatched quality, delivery, and value, and thank you for your unwavering loyalty and support. If you have any questions regarding this announcement, please contact your sales representative for future assistance.