CMI NEWS & ANNOUNCEMENTS

FOR IMMEDIATE RELEASE: Nail Supply Update August 18, 2017   As leaders in the supply of roofing nails CMI has a commitment and obligation to keep our customers informed of market and supply issues that may affect their businesses. As you know we have already made sure our customers are being kept up to date on the recent run-up in steel prices and freight that that is driving significant delivered cost increases. Nail supply has been previously delayed by the Chinese government’s mandated temporary shutdowns of nail galvanizing/plating lines in early summer. Most of the backlog of orders had finally […]

FOR IMMEDIATE RELEASE: Continued Increase in China Steel and Rising Ocean Freight Raise Nail Prices to Highest Level in Recent Years August 14, 2017   The price of steel continues to be very volatile and moves almost daily. Since July 1, the price of wire rod has increased over 10% to 4200 RMB per ton, a 5 year high. Forced steel plant shut downs by the Chinese government for a myriad of reasons and the increase in the cost of iron ore used to make steel are driving these increases. Additionally the Chinese currency has been devalued against the US […]

FOR IMMEDIATE RELEASE: CHINA STEEL INCREASE AND GALVINIZNG MILL SHUTDOWNS CAUSING HIGHER PRICES AND DELAYED SHIPMENTS June 30, 2017   As one of the largest importers and suppliers of roofing nails from China we wanted to make you aware of the recent events causing a spike in pricing and extended lead times. Over the past week the price of wire rod, the steel used to produce roofing nails, has risen 10% driven by rapid increases in iron ore. The price of wire rod has increased from $3420 RMB to $3750 RMB in one week. Additionally, many of the galvanizing mills […]

FOR IMMEDIATE RELEASE: CMI Announces Expansion of Capacity with Tarah Asphalt Products – Supporting Organic Roof Underlayment Demand in California Abington, PA (6/08/2017) – Continental Materials, Inc. (CMI) announces that it has increased its capability to support the residential roofing market and organic felt demand in all California markets while continuing to provide the same high quality organic felts it has been supplying throughout the US for over a decade. CMI continues to partner with Tarah Asphalt Products to support the ASTM organic felt underlayment market with this important component of residential steep slope roof systems. The Northern California market […]

FOR IMMEDIATE RELEASE: Price Increase Announcement – SecureGrip™ Synthetics Effective:  June 1, 2017 Nationwide Dear Valued Customer; Please be advised that there will be a price increase of 5% on CMI’s SecureGrip Synthetic Underlayment products nationwide effective with shipments beginning June 1, 2017. Continued raw material increases have created this situation and we strongly suggest you plan for your inventory needs accordingly. For revised pricing, or any related SecureGrip Underlayment questions, please contact your local CMI Sales Representative or CMI Customer Service at 1-800-247-6637. CMI is a leading supplier of synthetic roof underlayments shipping throughout North America. We thank you […]

FOR IMMEDIATE RELEASE: CMI Adds Ryan Parker as Senior  Synthetic Sales Representative for Utah and Surrounding Markets Abington, PA (3/20/2017) – Continental Materials, Inc. (CMI) is proud to announce that Ryan Parker of Architectural Systems / Intermountain Products has re-joined the CMI sales team taking on the role of Senior Synthetic Underlayment Sales Professional providing coverage in Utah and surrounding market areas. “We are excited to add another person with Ryan’s experience and industry knowledge. He will be a strong asset to CMI in this new role and will be supporting our existing sales efforts and promoting CMI products and […]

FOR IMMEDIATE RELEASE: Price Increase Announcement – Asphalt Effective:  March 6, 2017 Nationwide Dear Valued Customer; Please be advised that due to rising asphalt and other costs, the price of all Continental Materials and Hot Stuff asphalt products will increase between 5% and 10% nationwide effective with shipments March 6, 2017. You will receive your new delivered pricing from your local CMI Sales Rep or you can call CMI Customer Service at 1-800-247-6637. All prior quotes for shipments after the effective date must be re-confirmed. All Continental Asphalt is produced with our patented No-Smell™ formula and protected with our WeatherSeal™ […]

FOR IMMEDIATE RELEASE: Price Increase Announcement – Asphalt Effective:  July 11, 2016 Western/Mid-Western Regions Dear Valued Customer; Please be advised that due to rising asphalt and other costs, the price of all Continental Materials and Hot Stuff (distributed by Continental Materials) asphalt products will increase between 5% and 7% in the Western region and some surrounding areas effective with shipments July 11, 2016.  This includes the following states:  AZ, CA, CO, IA, ID, KS, MO, MT, NE, NM, NV, OK, OR, TX, UT, WA, and WY. You will receive your new delivered pricing from your local CMI Sales Rep or […]

FOR IMMEDIATE RELEASE: Price Increase Announcement – Fiberboard Effective:  July 1, 2016 Nationwide  Dear Valued Customer; Please be advised that there will be a price increase of 5% to 10% on all fiberboard and cant strip/tapered edge products nationwide effective with shipments July 1, 2016. All currently priced fiberboard orders and job quotes must ship prior to July 1, 2016 to receive pre-increase pricing. Continued increases in energy and material costs are driving production costs up. We strongly suggest you plan for your inventory needs accordingly. For special job quotes, revised pricing, or any related fiberboard questions, please contact your […]