WEST CHESTER, Ohio, Jan. 11 /PRNewswire-FirstCall/ -- AK Steel (NYSE: AKS) said today that it will increase spot market base prices by $60 per ton, effective immediately with all new orders for its carbon steel products.
AK Steel also said that it has also increased zinc coating extras for its galvanized steel products. Those extras can be found on the company's web site at www.aksteel.com under Markets & Products.
AK Steel said that the price increase is in response to increased demand for carbon steel products, as well as the need to recover higher costs.
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.
SOURCE AK Steel