We have received new information about the section 232 tariffs and tariff changes to 7318.14.1060 the code for Tapping Screws for which most of our threaded fasteners are categorized. These developments will increase our costs on shipments received on or after March, 12th, 2025. Tariffs will now impact all steel imports regardless country origin outside of the U.S.A. . Tariffs on steel products from countries such as Taiwan, South Korea, Malaysia, and Vietnam will be levied at 25%, and as high as 45% for steel products from China.
The negotiations that you may see in the media that talk about reciprocal tariffs are not impacting the above tariff rates. No reciprocal tariff charges have been included in any of our tariff based pricing increases or decreases at this time.
Although current tariffs are on hold for goods produced in Mexico and Canada, raw material cost increases will be realized on June 1st, 2025.
Products that are 100% Made in the U.S.A. with all American raw materials will NOT BE subject to increases at this time. These products include Butyl Roll and BT-13 Butyl Tape, DMI30 Sealant, Bullet Boots, Bullet Gooseneck Vents, Roof Vent Boot Guard, Razorback Ridgevent Plus Rolls, ProfileVent, Direct*Seal Universal Closure, Fillerstrip Die Cut Closure Strips & DMI Windows. Commercial Grade and MEGA HD Translucent Panels will not be be part of this pricing increase.
Today we are extending reminding customers of the June 1st, 2025 increase and in some product lines decreases. Please understand that current pricing will apply only to in stock material, any orders or backorders shipped after June 1, 2025 will be subject to the increased prices. August pricing increases to catch up on unrealized tariff impacts will be communicated in July 2025.
The DMI team will continue to negotiate with factories to avoid full tariff increases on many products.
If the tariff notices are lifted or modified, we will provide swift communication and make fair adjustments to the increase.
Thank you for your business and understanding.