AK Steel Announces Carbon Steel Price Increase
01/07/2011 - AK Steel announced plans to increase current spot market base prices by $50 per ton for all carbon flat-rolled steel products, effective immediately with new orders.
AK Steel announced plans to increase current spot market base prices by $50 per ton for all carbon flat-rolled steel products.
The company said the price increase, which is effective immediately with new orders, is necessary to recover higher costs for steelmaking inputs, and is also supported by continued strong demand for carbon steel products.
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.
