Agenda Packet_2024-05-21 - Laserfiche WebLink

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@Ei ' � Core & Main 1830 Craig Park Court St. Louis, MO 63146 April 12, 2022 Dear Valued Customer, The supply chain disruption for ductile iron products continues in part due to the conflict between Russia and Ukraine, and the escalated prices on scrap metal. Our vendors have imposed new surcharges and/or price increases on shipments of ductile iron pipe. Our vendors continue to evaluate increases monthly, based on the scrap price at the time. As a result, the invoice you receive for ductile iron products may differ from the original quotation that Core & Main provided. We will continue to base our quotes on pricing we receive at the time of bid, but these prices are subject to change as our vendors reevaluate each month. We hope this is a not a prolonged market condition, but we continue to believe this disruption will persist as long as the Russia-Ukraine war continues, sanctions remain in place, demand continues to be strong and supply chain issues do not dissipate. Russia and Ukraine are leading exporters of pig iron which is a key ingredient in steel. Although pig iron is not primarily used in ductile iron production, the steel producers are now buying up scrap, a primary component in the production of ductile iron, to substitute for their lack of pig iron, causing scrap prices to escalate. Other key elements like nickel and magnesium are also in short supply with escalated pricing that is being passed on by our vendor partners. Please continue to communicate with your local sales rep and Core & Main branch for any updates regarding this supply chain disruption. We will share updates as soon as we get notification from our vendor partners. We value the trust you have placed in Core & Main and we will work diligently to service your material needs in this challenging environment. Thank you for your continued support. Sincerely, Jack Schaller President Core & Main Knowledge Experience Service,Nationwide" City Council 11 — 368 5/21/2024