Finkl Steel, a subsidiary of the SCHMOLZ + BICKENBACH Group, will increase prices by $0.03/lb. USD for all new orders booked on or after January 1, 2019. This price increase will be effective for all products ordered from all Finkl Steel production facilities.
According to Art Smoljan, Vice President of Sales and Marketing for Finkl Steel, “This price increase is necessary to partially recover continued inflationary cost increases the Company experienced throughout the past year.” Smoljan also said, “We continue to work hard on productivity and manufacturing efficiency improvements to help offset these cost increases to continue to provide exceptional value to our customers.”
Finkl Steel is one of the world’s leading manufacturers of forging die steels, plastic injection mold steels, die casting tool steels, forged alloy bar, and custom open die forgings. We manufacture our products at four production facilities in Chicago, Quebec, Detroit, and Houston. We sell our products in North America and to 18 countries worldwide. With more than 100 patents, our steel formulations and steelmaking technologies set worldwide standards. In recognition of Finkl Steel’s product quality, our facilities were the first in America to receive ISO 9000 registration.