We wanted to share a quick update on carbide tool pricing and the reason behind it.
Over the past several months, the carbide market has moved sharply. Tungsten and cobalt — the core materials in every carbide tool — have increased significantly, with carbide blank costs up roughly 140% in the last six months.
We’ve held pricing as long as possible, but at this point an adjustment is necessary. Updated pricing is now reflected on our website.
What’s changed
- Pricing has been updated to reflect raw material costs
- No increase to manufacturing or shop rates
- Same tolerances, quality, and lead times
Why this is happening
- Supply constraints, including export controls and reduced mining output
- Continued strong demand across multiple industries
For a carbide tool manufacturer, that combination leaves very little room to absorb costs long term.
How we approached it
- Adjusted pricing only where material costs required it
- No added margin on manufacturing
- If the market stabilizes, we will adjust pricing accordingly