RE: Price Announcement

Effective with shipments March 1, 2012, North American Stainless is increasing prices for all 201 series, 301 series, and 430 grade Cold Roll products. The effective increase will be achieved by reducing the functional discount by (2) discount points.

In addition, Automotive grade base prices will increase by $.04 lb. All applicable surcharges will remain in effect as outlined on our company website.

This increase is necessary to support further investment in our business. Please contact your Regional Sales Representative with any questions.