AK Steel Announces Second Carbon Steel Price Increase
12/10/2010 - AK Steel will increase current spot market base prices for all carbon flat-rolled steel products effective immediately with new orders.
AK Steel has announced that it will increase current spot market base prices for all carbon flat-rolled steel products. The increase, which follows an earlier increase announced late last month, is effective immediately with all new orders.
With the latest increase, base prices for carbon flat-rolled products will increase by an additional $40 per ton.
The company said that it was implementing the price increase in response to increased demand for carbon steel products, as well as the need to recover higher costs for steelmaking inputs.
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.
