Notice On Price Increase Of Reinforced Machinery Products in 2022

Dear friend, please kindly note
The price of our company's entire line of products plan to increase by 10% at least from February 1, 2022. The price increase is based on the following reasons:
1. The STEEL price compare 2020 is increasing more than 10%;
2. The Motor price comare 2020 is increasing more than 20%;
3. The US dollar exchange rage is less 7% compare 2020;
Most of other supplier or competitors increased price in the third season of 2021, but we didn't, even we increase 10%, the increased price is still can not reach the cost increased, so hope all you are understand this situation.