General Cable Announces Price Increase

The new year has just begun, and we’re already seeing the impact of escalating increases in the price of copper.

In an alert released on Monday, January 4th, we detailed the recent increases: +$0.20 since December, +$0.50 since September and almost +$2.00 since this time last year.  An integral material to the industry, an increase in copper prices usually leads to manufacturers’ increasing their prices to offset rising costs.

On January 5th, General Cable announced two specific increases that will go into effect January 11th:

7-10% increase in prices for their Carol® Brand, Sheer Wire™ Series and Isotec® Brand electronics

3% increase in prices for Carol® Brand Cord, Cordsets and Industrial Flex products

As always, we will continue to update you on the current copper situation and any price increases that occur as a result.  For some ideas on how to lessen the impact of copper prices on your organization, please see the Copper Survival Guide from our May 2008 newsletter.  If you’re in need of any General Cable products, including those involved in the price increase, you can submit a RFQ online here at any time.