WEST CHESTER, Ohio,
Jan. 6, 2011 /PRNewswire/ -- AK Steel
(NYSE: AKS) said today that it will increase current spot market
base prices by $50 per ton for all
carbon flat-rolled steel products, effective immediately with new
orders. AK Steel said that the price increase is needed to
recover higher costs for steelmaking inputs, and is also supported
by continued strong demand for carbon steel products.
About AK Steel
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 6,200 men and women in Middletown, Mansfield, Coshocton and Zanesville, Ohio; Butler, Pennsylvania; Ashland, Kentucky; Rockport, Indiana; and its corporate
headquarters in West Chester,
Ohio. Additional information about AK Steel is
available on the company's web site at www.aksteel.com.
AK Tube LLC, a wholly owned subsidiary of AK Steel, employs
about 300 men and women in plants in Walbridge, Ohio and Columbus, Indiana. AK Tube produces
carbon and stainless electric resistance welded (ERW) tubular steel
products for truck, automotive and other markets. Additional
information about AK Tube LLC is available on its web site at
www.aktube.com.
SOURCE AK Steel