AK Steel Announces May 2011 Surcharges
04/05/2011 - AK Steel says it will add a $390 per ton surcharge to invoices for electrical steel products shipped in May 2011.
AK Steel has announced that it will add a $390 per ton surcharge to invoices for electrical steel products shipped in May 2011.
The company noted that its surcharges are based on reported prices for the raw materials and energy used to manufacture the products. March 2011 purchase costs were used to determine the May 2011 surcharges.
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.
