Price Increase Notice for Steel: Communicate the Price Adjustment in a Professional Letter

As a valued customer, we want to be transparent about our pricing, which is why we are providing notice of a price increase for our steel products. We understand that any cost increase can be a concern for our customers, and we want to inform you of the reasons why we need to make this change.

From What Price Will the Increase Occur?

It is important to note that the price increase will be across all of our steel products. The exact amount may vary based on the specific product, but there will be no exceptions.

Why Are We Increasing Prices?

Our prices are increasing because of the rise in manufacturing costs which includes raw materials, labor, and energy over the years. The cost of steel plates and other raw materials has increased significantly in recent months, making it necessary to raise the prices of our products to keep pace with our costs.

When Will the Price Increase Occur?

The price increase will take effect on [insert date], giving our customers notice to adjust their budgets for the impacted products.

How Will You Benefit from This Price Increase?

Ensuring a reliable product and timely delivery to our customers has been a part of our priority list. This price increase allows us to continue providing competitive prices while investing in the growth of our company. To ensure we can continue providing quality service, we have also made significant investments in modern technology and efficient machinery to increase our production and meet our customer's needs.

Get Your Price Increase Letter

Thank you for trusting us for your needs in steel products and being a loyal customer. Our priority is to continue to provide you with the quality and service you have come to expect from us. We have provided you with the necessary time to stay ahead of the changes, and if you have any questions or concerns, please do not hesitate to reach out to us. We appreciate your business and look forward to the long-term partnership with you.

Feel free to download our professionally designed Price Increase Letter in DOCX format from our website. Visit BizzLibrary.com to access a wide range of business document templates, including legal contracts, sales agreements, and more.