AK Steel Announces Stainless Steel Price Increase
07/30/2013 - AK Steel is increasing base prices for 200, 300 and 400 series flat rolled stainless steel products, effective with shipments on 1 August 2013.
AK Steel said this increase will be achieved through a reduction in the functional discount of two percentage points for cold rolled and hot rolled non-automotive exhaust products
Further, effective with shipments on 1 October 2013, AK Steel will increase prices on all stainless products. This increase will be achieved through a reduction in the functional discount of an additional two percentage points for cold rolled and hot rolled non-automotive exhaust products. Also, base prices for automotive exhaust grades will be increased by US$0.02 per pound to US$0.04 per pound, depending on the grade, effective on 1 October 2013.
Surcharges for the broad range of stainless steel products that AK Steel produces will remain in effect, and can be found under the Markets and Products section of the company's web site at www.aksteel.com.
