WEST CHESTER, Ohio,
Nov. 17, 2011 /PRNewswire/ -- AK
Steel (NYSE: AKS) said today that it will increase base prices for
all 200, 300 and 400 series flat rolled stainless steel products,
effective with shipments on January 1,
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 and bright anneal finishes will
increase by $.08 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 on the company's
web site at www.aksteel.com.
AK Steel
AK Steel produces flat-rolled carbon, stainless and electrical
steels, primarily for automotive, infrastructure and manufacturing,
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.
AK Coal Resources, Inc., another wholly-owned subsidiary of AK
Steel, owns or leases metallurgical coal reserves in Somerset County, PA. AK Steel also owns
49.9% of Magnetation LLC, a joint venture headquartered in
Nashwauk, MN, which produces iron
ore concentrate from previously mined ore reserves.
SOURCE AK Steel