AK Steel Announces September 2011 Surcharges
08/02/2011 - AK Steel will add a $460 per ton surcharge to invoices for electrical steel products shipped in September 2011.
AK Steel has announced that it will add a $460 per ton surcharge to invoices for electrical steel products shipped in September 2011.
The company noted that its surcharges are based on reported prices for the raw materials and energy used to manufacture its products. July 2011 purchase costs were used to determine September 2011 surcharges. AK Steel has summarized its September 2011 surcharges on the company's website at www.aksteel.com.
AK Steel previously announced stainless steel customers that it will change the timing and method of calculation for its stainless steel surcharges, effective with shipments on October 2, 2011. Details about the changes are also available on the company's website.
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.
