AK Steel Announces May 2010 Surcharges
04/07/2010 - AK Steel says it will add a $420 per ton surcharge to invoices for electrical steel products shipped in May 2010.
AK Steel has announced it will add a $420 per ton surcharge to invoices for electrical steel products shipped in May 2010.
The company said that its surcharges are based on reported prices for the raw materials and energy used to manufacture the products. It used March 2010 purchase costs to determine the May 2010 surcharges.
AK Steel has summarized its May 2010 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 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.
