FOR IMMEDIATE RELEASE:

Latest Tariff Update
August 2, 2018

Dear Valued Customer;

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Tariff Update: It became known on Wednesday that the U.S. administration is considering raising tariffs on $200 billion worth of Chinese goods to 25 percent from 10 percent that was previously announced in July. As we are aware, this has been done in a bid to pressure Beijing into making trade concessions. As we have also noted prior on the 10 percent tariff, this may happen or may not happen but you need to be informed that this is 150% more than originally announced, if that 25 percent tariff goes in to affect in full.

FOR IMMEDIATE RELEASE:

Urgent Tariff Update
July 12, 2018

Dear Valued Customer;

As always, we at CMI work to keep our customers informed regarding the nail market and actions or activities that may impact your business either short and longer term. We had mentioned in our last update that we didn’t see the tariff situation coming into play at that point. With that said, just yesterday, the US government announced a proposed tariff on roofing nails and related items (in addition to thousands of other items) that will be in the 10% range. The proposed implementation date for the tariff is September 1st, 2018 and would impact orders (containers) delivering on that date and going forward.

FOR IMMEDIATE RELEASE:

Price Increase Announcement - Asphalt
Effective:  July 30, 2018
Nationwide

Dear Valued Customer;

Please be advised that due to rising asphalt, transportation, and other costs, the price of all Continental Materials and Hot Stuff asphalt products will increase between 5% and 8% nationwide effective with shipments July 30, 2018.

FOR IMMEDIATE RELEASE:

Price Increase Announcement - Fiberboard
Effective:  August 6, 2018
Nationwide

Dear Valued Customer;

Please be advised that due to rising costs in energy, materials, and transportation, there will be a price increase of 5% to 7% on all fiberboard and cant strip/tapered edge products nationwide effective with shipments August 6, 2018.

FOR IMMEDIATE RELEASE:

CMI/Tarah Price Increase Announcement - Organic Felt Rolls
Effective:  June 30, 2018
California

Dear Valued Customer;

Please be advised that due to increases in asphalt costs, as well as continuing increases in freight, CMI will be increasing prices of all CMI/Tarah organic roll products supplied to you for roofing projects. This increase will affect organic rolls in California. The increase will be effective with any orders that ship beginning June 30, 2018. The increase amount will be 5%-7%. Orders place in the month of June will be at the current pricing levels but will be subject to availability. Anything that ships after June 29th will be at the new prices. Please contact your local CMI representative or call CMI Customer Service if you have any questions regarding the pricing impact in your market.