Unknown from d:\steelnews\ripper\articles\2004\may30.htm
05/11/2004 -
| Return to Steel News Headlines| Print This Page |
AK Steel to Increase
Stainless Steel Prices
May 11, 2004 — AK Steel announced it will increase the transaction prices of all 200-, 300- and 400-series stainless steel sheet, strip and continuous mill plate products by approximately 6%, effective with shipments May 17, 2004.
The increase will be accomplished through a two-point reduction in the functional discount rate.
AK Steel will also revise the size extras for certain gauges and widths of its stainless steel products to better reflect current manufacturing costs. AK said the price increases are necessary because of significant increases in manufacturing, energy, and transportation costs.
Headquartered in Middletown, AK Steel produces flat-rolled carbon, stainless and electrical steel products, as well as carbon and stainless tubular steel products, for automotive, appliance, construction and manufacturing markets.
