by Eric Mootz on March 8, 2017
Marino\WARE Pricing Update March 2017
On March 8, 2017 Marino\WARE announced a 10% price increase effective April 3, 2017. The full letter is below:
To: Our Valued Customers
Re: Price Increase Announcement-10% Effective April 3, 2017
Due to the rapidly increasing cost of steel, Marino\WARE will raise prices 10% on all products, effective February 13, 2017. Certain regions may be higher due to wholesale changes in how steel must now be sourced. Price pages will be distributed by March 27, which will ultimately establish the effective prices for April.
After the deep "V" in costs due to the election, steel is costlier today than at any point last year. The escalation continues beyond the former peak, as mills have added higher "extras" for coating/thickness, and higher base prices for April and beyond. We anticipate additional increase(s) will be necessary to cover these rising costs on future deliveries.
All quotes will now reflect the following escalators:
- April 3, 2017 +10%
- July 1, 2017 +5%
- October 1, 2017 +5%
Marino\WARE will honor all quotations activated in accordance with the "quote activation policy" dated April 13, 2010, which can be found on our website, www.marinoware.com. We will also void any job quotes not activated with policy guidelines. In light of the recent market developments, we urge you to review the disposition of any open job quotations with your contractors.
Thank you for your continued support!
Mariion\WARE Sales Management Team
For more information about Marino\WARE products, contact Trowel Trades Supply.