AK Steel Announces February 2010 Surcharges for Electrical and Stainless Steels

Jan 05, 2010, 12:41 ET from AK Steel

WEST CHESTER, Ohio, Jan. 5 /PRNewswire-FirstCall/ -- AK Steel (NYSE: AKS) has advised its customers that a $235 per ton surcharge will be added to invoices for electrical steel products shipped in February 2010. February 2010 surcharges for the broad range of stainless steel products that AK Steel produces can be found on the company's web site at www.aksteel.com.

AK Steel's surcharges are based on reported prices for raw materials and energy used to manufacture the products, with the December 2009 purchase cost used to determine the February 2010 surcharges.

About AK Steel

AK Steel produces flat-rolled carbon, stainless and electrical steels, primarily for automotive, appliance, construction and electrical power generation and distribution markets. The company employs about 6,000 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 250 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.