American electrical equipment manufacturers over the past couple of months have been dealing with substantial increases in raw material costs in the face of new tariffs on imported steel and aluminum. Distributors say they’re already seeing increases in their costs for steel-intensive products, primarily in metal conduit, and expect to see more down the road.
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Tariffs Spark Uncertain Price Increases
The prospect of another increase in already rising materials costs is putting manufacturers, as well as contractors, in a tight spot.