AK Steel Announces May 2009 Electrical Steel Surcharges
04/02/2009 - AK Steel will add a $55 per ton surcharge to invoices for electrical steel products shipped in May 2009.
AK Steel announced it will add a $55 per ton surcharge to invoices for electrical steel products shipped in May 2009.
AK Steel's surcharges are based on reported prices for raw materials and energy used to manufacture the products. March 2009 purchase costs were used to determine the May 2009 surcharges.
The company has summarized its May 2009 surcharges on its website 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 6,300 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 260 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.
