AK Steel to Increase Carbon Steel Prices
04/08/2008 - AK Steel will increase spot market prices by $150 per ton for its carbon steel products, effective with all new orders.
AK Steel announced it will increase spot market prices by $150 per ton for its carbon steel products. The increase will take effect for all new orders, effective immediately.
The company said it is making the price increase in response to higher demand for carbon steel products, as well as the need to recover unprecedented increases in 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 6500 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.
