RE: Price Announcement

Effective with shipments April 1, 2012; North American Stainless is increasing prices for all 300 grade cold rolled products, with the exception of 301 grades. The increase will be achieved by reducing the functional discount by (2) discount points.

In addition, the 316/L base price for cold roll will be adjusted to $198.00.  Rolled on Finish and Best Brite extras will increase, in accordance with Table 1 contained in this announcement.

All applicable surcharges will remain in effect as outlined on our company website. These  increases are necessary to support further investment in our business. Please contact your Regional Sales Representative should you have any questions.

Table 1: