AK Steel Announces Carbon Steel Price Increase
05/10/2012 - AK Steel announces plans to increase current spot market base prices for all carbon flat-rolled steel products.
AK Steel announced plans to increase current spot market base prices for all carbon flat-rolled steel products.
The increase — $40 per ton — will take effect immediately with new orders.
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 6200 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.
AK Coal Resources, Inc., another wholly-owned subsidiary of AK Steel, owns or leases metallurgical coal reserves in Somerset County, Pa. AK Steel also owns 49.9% of Magnetation LLC, a joint venture headquartered in Grand Rapids, Minn., that produces iron ore concentrate from previously mined ore reserves.
