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AK Steel Announces Stainless Steel Price Increase
08/31/2012 - AK Steel said it will increase transaction prices for all Type 201, 301, 430, 430 ULTRA FORM®, 409, and 409 ULTRA FORM® flat rolled stainless steel products, effective with shipments on 4 September 2012.
AK Steel said it will increase transaction prices for all Type 201, 301, 430, 430 ULTRA FORM®, 409, and 409 ULTRA FORM® flat rolled stainless steel products, effective with shipments on 4 September 2012.
AK Steel said that the increases on Types 201, 301, 430, and 430 ULTRA FORM® stainless steels will be achieved through a two point reduction in the functional discount. Transaction prices for Types 409 and 409 ULTRA FORM® stainless steels will be increased by two cents per pound.
All raw material surcharges for stainless steel products, including those for materials under .015 inch thickness, will remain in effect.
AK Steel produces flat-rolled carbon, stainless and electrical steels, primarily for automotive, infrastructure and manufacturing, construction and electrical power generation and distribution markets. The company employs about 6,200 men and women in Middletown, Mansfield, Coshocton and Zanesville, Ohio; Butler, Pa.; Ashland, Ky.; Rockport, Ind.; and its corporate headquarters in West Chester, Ohio.
