Connect with us
Carlstar Group Price Increase Tariffs

News

The Carlstar Group To Increase Prices Due to Steel, Aluminum Tariffs

The Carlstar Group cites the new steel and aluminum tariffs among other market factors for the price increase.

Advertisement

Carlstar Group Price Increase Tariffs

Click Here to Read More
Advertisement

The Carlstar Group will increase prices up to 18% on all steel and aluminum wheels and steel components effective April 9.

In addition to the escalating material costs from 2017, the Carlstar Group cited further increasing costs of domestic steel as a result of President Donald Trump increasing tariff rates to 25% on imports of steel into the U.S. and to 10% on aluminum imports. The tariffs went into effect last week.

“The significant volatility we experienced in the prices of steel and aluminum materials since January 2017 due to supply constraints is now being compounded by the recent announcements on steel tariffs,” said John Salvatore, CEO at The Carlstar Group. “This price increase is to recover from material increases we have experienced during these unprecedented market conditions.”

Advertisement

The Carlstar Group will continue to closely monitor the changing material dynamics and market conditions, the group said in a press release.

Advertisement
Click to comment

POPULAR POSTS

People

‘Rusty’ Rovere, Owner of Dale’s Tire, Dies at Age 72

AdobeStock Driving Photo 1400 AdobeStock Driving Photo 1400

News

Hankook Survey Shows Drivers Are Hitting the Road Less

Ted Becker Interim TireHub CEO Ted Becker Interim TireHub CEO

News

TireHub CEO Leaves; VP of Sales & Marketing Named Interim CEO

Whitney Moore Women of Tire Pros Whitney Moore Women of Tire Pros

News

Tire Ladies Take the Spotlight at Women of Tire Pros Event

Connect
Tire Review Magazine