AK Steel Announces Stainless Steel Price Increase
WEST CHESTER, Ohio, June 24, 2014 /PRNewswire/ -- AK Steel (NYSE: AKS) said today that it will increase base prices for all of its stainless steel products, effective with shipments on July 6, 2014. AK Steel said that all automotive grades will be increased by $40 per ton, and that all non-automotive grades will be increased by $200 to $300 per ton, depending on the product.
Surcharges for the broad range of stainless steel products that AK Steel produces will remain in effect, and can be found under the Markets and Products section of the company's web site at www.aksteel.com.
AK Steel is a world leader in the production of flat-rolled carbon, stainless and electrical steel products, primarily for automotive, infrastructure and manufacturing, construction and electrical power generation and distribution markets. The company's AK Tube subsidiary produces carbon and stainless electric resistance welded tubular steel products for truck, automotive and other markets. Headquartered in West Chester, Ohio (Greater Cincinnati), the company employs approximately 6,500 men and women at seven steel plants and two tube manufacturing plants across four states: Indiana, Kentucky, Ohio and Pennsylvania. The company also has interests in iron ore through its Magnetation LLC joint venture and in metallurgical coal through its AK Coal subsidiary. Additional information about AK Steel is available at www.aksteel.com.
SOURCE AK Steel