AK Steel Announces May Electrical Steel Surcharge
04/21/2004 -
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AK Steel Announces
May
Electrical Steel Surcharge
April 21, 2004 — AK Steel’s surcharge to its electrical steel sheet and strip products will change to $150 per ton ($7.50/cwt.), effective with shipments on May 1, 2004.
AK Steel had previously implemented a surcharge to its electrical steels beginning with February 2004 shipments.
The surcharge, which is adjusted monthly based on changes in raw material costs, has been implemented to partially offset extraordinary increases in raw material costs, particularly costs of energy and steel scrap.
Headquartered in Middletown, AK Steel produces flat-rolled carbon, stainless and electrical steel products, as well as carbon and stainless tubular steel products, for automotive, appliance, construction and manufacturing markets.
