Air Products is increasing product pricing and surcharges for customers in North America for liquid argon (Ar).

The pricing adjustment is an increase of up to 20%. Some price adjustments may be outside of this range based on specific situations, the Tier One company explained.

In a statement, Air Products said, “These adjustments are in response to the cost impact associated with the continued low operating rates in the steel market, increasing operational costs and delivery costs associated with specific regional supply and demand imbalances.”

“In addition to covering increases in operating expenses, Air Products continues to make significant investments aimed at improving the reliability, security, safety, and the cost efficiency of its operations.”