Worthington Industries has announced a price increase for its steel and aluminium cylinders, effective on all new orders shipping on or after 1st Feb (2021), or as contracts allow.
According to a statement released yesterday (11th Jan), prices on all fire extinguisher and suppression system cylinders, and specialty chemical cylinders will advance 15%.
Prices on all aluminium forklift cylinders and aluminium portable cylinders will advance 10%.
The company also said that prices on all steel heating and system tanks, including 100-, 200- and 420-pound tanks, all steel portable cylinders, steel forklift cylinders, steel industrial cutting gas cylinders, and all refrigerant refillable and recovery cylinders, sizes 30 to 1,000 pounds, will advance 8%.
“Steel prices and other operating expenses continue to rise, forcing us to make adjustments to offset these costs,” said Jimmy Bowes, General Manager of the Industrial Products Business for Worthington Industries.
“We remain focused on meeting the needs of our customers and our country while balancing the demands of the pandemic and the safety of our employees.”