Universal Stainless & Alloy Products, Inc. Announces Price Increase
Feb 25, 2000
Universal Stainless & Alloy Products, Inc. Announces Price Increase
Universal Stainless & Alloy Products, Inc. Announces Price Increase
Universal Stainless & Alloy Products, Inc., headquarteredin Bridgeville, Pa., manufactures and markets semi-finishedand finished specialty steels, including stainless steel, toolsteel and certain other alloyed steels. The Company'sproducts are sold to rerollers, forgers, service centers andoriginal equipment manufacturers, which primarily include thepower generation and aerospace industries.
Except for historical information contained herein, thestatements in this release are forward-looking statements thatare made pursuant to the safe harbor provisions of the PrivateSecurities Litigation Reform Act of 1995. Forward-lookingstatements involve known and unknown risks and uncertaintieswhich may cause the Company's actual results in future periods todiffer materially from forecasted results. Those risks include,among others, risks associated with the receipt and timing offuture customer orders, risks associated with the manufacturingprocess and production yields, risks related to property, plantand equipment. Certain of these risks and other risks aredescribed in the Company's filings with the Securities andExchange Commission (SEC) over the last 12 months, copies ofwhich are available from the SEC or may be obtained upon requestfrom the Company.
Universal Stainless & Alloy Products, Inc. Announces Price Increase
BRIDGEVILLE, PA, February 25, 2000 -- Universal Stainless &Alloy Products, Inc. (Nasdaq:USAP) announced today that it willincrease transaction prices by 5% on all stainless steel forgingquality ingot, billet and bloom products effective with ordersplaced March 6, 2000. According to Company officials, theincrease is required to offset higher raw material and energycosts.Universal Stainless & Alloy Products, Inc., headquarteredin Bridgeville, Pa., manufactures and markets semi-finishedand finished specialty steels, including stainless steel, toolsteel and certain other alloyed steels. The Company'sproducts are sold to rerollers, forgers, service centers andoriginal equipment manufacturers, which primarily include thepower generation and aerospace industries.
Except for historical information contained herein, thestatements in this release are forward-looking statements thatare made pursuant to the safe harbor provisions of the PrivateSecurities Litigation Reform Act of 1995. Forward-lookingstatements involve known and unknown risks and uncertaintieswhich may cause the Company's actual results in future periods todiffer materially from forecasted results. Those risks include,among others, risks associated with the receipt and timing offuture customer orders, risks associated with the manufacturingprocess and production yields, risks related to property, plantand equipment. Certain of these risks and other risks aredescribed in the Company's filings with the Securities andExchange Commission (SEC) over the last 12 months, copies ofwhich are available from the SEC or may be obtained upon requestfrom the Company.
CONTACT: Clarence "Mac" McAninch
President & CEO
(412) 257-7600
Morgen-Walke Associates
Gordon McCoun, Eric Boyriven
Media contact: Brian Maddox
(212) 850-5600
