AK Steel Announces Price Increase For Carbon Steel Products
WEST CHESTER, Ohio, July 25, 2013 /PRNewswire/ -- AK Steel (NYSE: AKS) has increased current spot market base prices for all carbon flat-rolled steel products by a minimum of $25 per ton. Effective immediately, the company will now be quoting the following minimum base prices for new orders:
Minimum Base Prices for New Orders
- Hot Rolled: $675 per ton
- Cold Rolled: $775 per ton
- Hot Dipped Galvanized: $795 per ton
AK Steel produces flat-rolled carbon, stainless and electrical steels, primarily for automotive, infrastructure and manufacturing, construction and electrical power generation and distribution markets. The company employs about 6,100 men and women in Middletown, Mansfield, Coshocton and Zanesville, Ohio; Butler, Pennsylvania; Ashland, Kentucky; Rockport, Indiana; and its corporate headquarters in West Chester, Ohio. Additional information about AK Steel is available on the company's web site at www.aksteel.com.
AK Tube LLC, a wholly-owned subsidiary of AK Steel, employs about 300 men and women in plants in Walbridge, Ohio and Columbus, Indiana. AK Tube produces carbon and stainless electric resistance welded (ERW) tubular steel products for truck, automotive and other markets. Additional information about AK Tube LLC is available on its web site at www.aktube.com.
AK Coal Resources, Inc., another wholly-owned subsidiary of AK Steel, controls and is developing metallurgical coal reserves in Somerset County, Pennsylvania. AK Steel also owns 49.9% of Magnetation LLC, a joint venture headquartered in Grand Rapids, Minnesota, which produces iron ore concentrate from previously mined ore reserves.
SOURCE AK Steel