A Letter in Response to Steel & Aluminum Import Tariffs
Dear Fusion Tech Customers,
As you have heard, President Trump has finalized the tariffs on imported steel and aluminum. As of Friday, March 23, 2018 a 25% tariff on imported steel and 10% tariff on imported aluminum has been implemented.
A large majority of Fusion Tech’s base materials, including filler materials, have been and will be affected by these tariffs.
Due to the vast uncertainty surrounding new pricing and how it will affect the market, our vendors will no longer adhere to the practice of notifying us of price increases, nor will they be able to honor any previously agreed upon price contracts. We have no control of this price dynamic. We will be forced to pass along these increases as we get them.
How does this affect you?
- We have changed the valid period on all quotes sent out after March 23 from 2 weeks down to 3 days.
- Pricing may change upon receipt of a purchase order, depending on fluctuating materials pricing
This will not affect purchase orders that have already been submitted prior to March 23, 2018.
Fusion Tech will continue to communicate the pricing changes as soon as we are notified. We greatly appreciate your business and patience during this time.
Thank you,
Fusion Tech Staff
