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Steel Strapping Increase - April 2022

Steel Strapping Increase - April 2022

We wanted to let you know that there will be a price increase on steel strapping to be put into effect on 04/28/22. This increase is due to the overall cost of steel, the cost of labor increasing, and continued issues with material sourcing.  

On average the most recent announcment was 15% but we received letters stating as high as 25% which is unheard of in one single increase.

As we are sure many of you are aware, strapping has seen a number of increases over the last 2-3 years. Nearly three times over from prices at the end of 2019. We hope to see stabilization by the end of 2022 but like everything else it isn't guaranteed.

Traditional Tool Repair Inc greatly appreciates your continued business and support through this time of growth and change. If you have any further questions or concerns regarding this price increase, please do not hesitate to reach out. Our team is more than happy to discuss this situation with you.

Local (317) 784-4795

Toll Free (877) 862-6699

[email protected]

Apr 18th 2022 Administrator

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