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AK Steel to Increase Carbon Steel Prices

05/05/2008 - AK Steel will increase spot market prices for its carbon steel products by $75 per ton for all new orders, effective immediately.

AK Steel announced that it will increase spot market prices for its carbon steel products by $75 per ton for all new orders, effective immediately.
 
The company said that the price increase is in response to increased 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.