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Prices of Copper and Other Raw Materials Continue to Rise 12
May 10, 2011
The continually increasing cost of raw materials is a concern for both sellers and consumers in the wire and cable industry. The high prices are of immediate interest because as they elevate, the price of wire and cable is directly affected. Based on the current trend, no market slowdown is within sight. Prices are likely to keep going up.
In an effort to help alleviate some of the effort to help alleviate s stress these increases bring to your s these increases bs these bottom line, here are a few tips to bottom line, here are a few decrease the effect of price increases:
Generic Equals: Ask your salesperson if Ask your salespersonAsk there's a generic equal to the part you are here's a generic using. If you are currently buying a brand If you are currently buying a name wire or cable product, switching to wire or cable product, a product with similar characteristics product with sim product with minus the brand name will save you brand name will sav brand money. Our wire and cable "equals" are Our wire and cable "equals" both cost efficient and reliable. Your cost efficient and reliable. Your salesperson will be able to recommend sperson will be able to the most appropriate equal for you.
Blanket Purchase Orders: To help alleviate the growing cost of wire and cable, customers may place blanket orders to lock in current prices. Knowing how much wire you will need in the near future and buying it now, will help save money down the line.
Every month, we provide copper price updates via our eUpdate newsletter, and we post manufacturer price increases as soon as we receive them on our Blog.
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