Custom air handling solutions and HVAC equipment manufacturer Nortek Air Solutions announced a 6% price increase effective immediately to all product lines, with a range of 2% to10% based on material and content type. This increase is in response to the U.S. government issuing new tariffs on imported steel (25%) and imported aluminum (10%).
The cost increase affects both domestic steel and domestic aluminum, and may be subject to change as the market impact is fully evaluated and adjustments by suppliers to raw materials has stabilized.