Pricing Notice 4.5.21

Posted

April 5, 2021
Pricing Notice & Update

DMI has seen continued increases in steel prices since this fall. Aluminum substrate availability continues to be a challenge, with significant increases in cost beginning 2nd quarter of 2021. These increases will continue, at minimum, through the 2nd quarter of 2021 as of date of this letter. Supply remains an issue with continued reduced capacity at the domestic mills, while demand from nearly all industries has remained strong. 

Along with steel substrate increases (over 140% since September 2020), we have also seen increases on nearly all products used in the manufacture of our systems, as well as escalation in freight rates and availability. Furthermore, Sherwin-Williams has implemented a 4% increase on PVDF topcoats, primers and backers. 

Due to DMI being on allocation from the mills since last fall with no immediate change in sight, we cannot set aside material for specific projects. As has been the case for the last six months, any quotes over 30 days old will be requoted at time of order. This will continue until further notice.

Effective April 15, 2021 all order acknowledgements and quotes will reflect current market pricing, with an increase of approximately 12 to 15% on aluminum flat and rolled products. Any orders placed prior to April 15, 2021 must ship by April 30, 2021 or will be requoted at time of shipment. Although we will not be issuing an increase for steel products this month, we fully expect to see another steel increase in May. 

We will continue to monitor the market situation and keep our valued customers up to date with what we are seeing. Please understand that even though DMI has seen unprecedented increases on steel and aluminum since September, we have not and will not pass the entire increase on to you. We will continue to absorb as much of any cost increase that we can while minimizing the impact to you and your project. 

My longer-term outlook remains optimistic. Though I cannot eliminate the possibility of further increases in the future, I feel that pricing will stabilize as we progress into the 3rd & 4th quarters of 2021.

All of us at Dimensional Metals appreciate our loyal, long term, repeat customers and we will continue to do what we can to ensure the success of your project. Click here for a pdf copy of this letter.

Sincerely,
JB Wissman
President
Dimensional Metals, Inc

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