AK Steel Announces May 2008 Surcharges
04/07/2008 - AK Steel will add a $405 per ton surcharge to invoices for electrical steel products shipped in May 2008.
AK Steel announced that it will add a $405 per ton surcharge to invoices for electrical steel products shipped in May 2008.
The company noted that its surcharges are based on reported prices for the raw materials and energy that will be used to manufacture the products. March 2008 purchase costs were used to determine the May 2008 surcharges.
AK Steel has summarized its May 2008 surcharges on its website.
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.
