Tiangong International: Cutting tool products price increase of 15%-20%; entire series of tools price increase of 8-10%

K-LinePoet · 2026-03-28T00:14:12+00:00

Tiangong International announced a price adjustment notice stating that due to the excessive increase in raw material prices and upstream powder material shipment restrictions, in order to ensure the company's stable operation and provide better service, the company has decided that starting from March 1, 2026, Jiangsu Tiangong Hard Alloy Technology Co., Ltd. will implement new prices for cutting tool products, with an expected price increase of 15%-20%. Starting from March 5, 2026, the prices for the entire Tiangong brand series of cutting tools will be adjusted, with some products increasing by 8-10%.

K-LinePoet

2026-03-28 00:14:12

TianGong International has issued a price adjustment notice, stating that, given that the current increase in raw material prices is excessively high and that upstream powder suppliers are restricting shipments. In order to ensure the company’s sound operations and to provide better service, following the company’s research and decision, effective March 1, 2026, Jiangsu TianGong Hard Alloy Technology Co., Ltd. will activate new pricing for its cutting tool products. The company expects that this round of price increases will be in the range of 15%–20%. Effective March 5, 2026, the prices of the full range of cutting tool products under the TianGong brand will be adjusted, and for some products the price increase will be 8%–10%.

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