AK Steel Announces Carbon Steel Price Increase, September Surcharges
08/03/2010 - AK Steel is increasing current spot market base prices by $40 per ton, effective immediately with all new orders for carbon steel products. The company also announced that it would be adding a $350 per ton surcharge for electrical steel products shipped in September 2010.
AK Steel announced this week that it will increase current spot market base prices by $40 per ton, effective immediately with all new orders for carbon steel products.
In a media announcement, the company said the price increase was in response to increased demand for carbon steel products, as well as the need to recover higher costs for steelmaking inputs.
The company also announced that it would be adding a $350 per ton surcharge to invoices for electrical steel products shipped in September 2010. The company noted that its surcharges are based on reported prices for raw materials and energy used to manufacture the products, and that July 2010 purchase costs had been used to determine the September 2010 surcharges.
AK Steel has summarized its September 2010 surcharges on the company's web site at www.aksteel.com.
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 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.
