AK Steel, Allegheny Ludlum Announce July 2008 Surcharges
06/04/2008 - AK Steel and Allegheny Ludlum announce surcharges for electrical steel products shipped in July 2008.
AK Steel announced that it will add an $820 per ton surcharge to invoices for electrical steel products shipped in July 2008. The company also said it will add a new surcharge for copper, prompted by continued increases in raw material costs. The copper surcharge becomes effective with shipments on June 29, 2008.
The company noted that its surcharges are based on reported prices for the raw materials and energy used to manufacture the products. May 2008 purchase costs were used to determine the July 2008 surcharges. AK Steel has summarized its July 2008 surcharges on the company's website.
ATI Allegheny Ludlum also announced the addition of a $900 per ton ($45/cwt) surcharge for grin-oriented electrical steel invoices, effective with shipments beginning Tuesday, July 1. The company noted that its surcharge is subject to monthly adjustment.
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 6500 men and women in Middletown, Mansfield, Coshocton and Zanesville, Ohio; Butler, Pa.; Ashland, Ky.; Rockport, Ind.; and its corporate headquarters in West Chester, Ohio.
AK Tube LLC, a wholly owned subsidiary of AK Steel, employs about 300 men and women in plants in Walbridge, Ohio, and Columbus, Ind. AK Tube produces carbon and stainless electric resistance welded (ERW) tubular steel products for truck, automotive and other markets.
