AK Steel said on Friday, 9 November 2012 that it will increase base prices for all 200, 300 and 400 series flat rolled stainless steel products, effective with shipments on 30 December 2012. AK Steel said this increase will be achieved through a reduction in the functional discount of four percentage points for cold rolled and hot rolled products. Base prices of automotive exhaust grades will increase by $0.04 per pound.

All raw material surcharges for stainless steel products, including those for materials under .015 inch thickness, will remain in effect. Surcharges for the broad range of stainless steel products that AK Steel produces can be found under the Products and Markets section of the company’s web site at www.aksteel.com.