U.S. Universal Stainless Alloy Products, Inc announced that the company’s base price for wire rod will increase 5 percent for orders since March 1st.

According to the company’s website, the latest surcharge for stainless steel wire rod was US$0.24-US$2.95 per pound for March. The company mentioned its reinvestment in equipment and facilities when asked on the price raising.

Universal Stainless & Alloy Products, Inc is manufacturer of stainless steel long products, tool steel and other alloyed steel products with headquarter in Bridgeville, PA, USA.