AK Steel Announces Increases for Automotive Exhaust Alloys
06/07/2007 - AK Steel says it will increase transaction base prices by 10 to 16% for stainless steel alloys used primarily in automotive exhaust applications.
AK Steel says it will increase transaction base prices by 10 to 16% for stainless steel alloys used primarily in automotive exhaust applications. The increase takes affect with shipments on July 1, 2007.
The transaction price will increase by 10% ($120 per ton) for Type 409, and by 10% ($180 per ton) for Type 439. Transaction prices will also increase by 10% for Type 409 Ni, Aluminized 409 and Aluminized 439.
Due to recent increases in the cost of columbium (also known as niobium), transaction base prices for 18 Cr-Cb(TM), 15 Cr-Cb(TM), and 410 Cb will increase by approximately 16%.
The company said that all of its existing raw material surcharges will remain in effect. AK Steel posts its surcharges monthly on its website.
