Pricing Notice 2.12.21

Posted

February 12, 2021
Pricing Notice & Update

DMI has seen continued increases in steel prices since this fall. These increases will continue, at minimum, well into the 2nd quarter of 2021 as of date of this letter. Supply still is 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 100% 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 announced a 4% increase on PVDF topcoats, primers and backers.

Typically, we would issue a formal increase notice, with a date of increase. In this situation, given that supply is so limited, we cannot set aside material for specific projects. As has been the case for the last few months, any quotes over 30 days old will be requoted at time of order. This will continue until further notice. Starting March 1, 2021 all quotes will reflect current market pricing, with an increase of approximately 10 to 15% on steel flat and rolled products.

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 increases on steel in excess of 100% 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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