WEST CHESTER, Ohio.,
July 30, 2013 /PRNewswire/ -- AK
Steel (NYSE: AKS) said today that it will increase base prices for
200, 300 and 400 series flat rolled stainless steel products,
effective with shipments on August 1,
2013. AK Steel said this increase will be achieved through a
reduction in the functional discount of two percentage points for
cold rolled and hot rolled non-automotive exhaust products
Further, effective with shipments on October 1, 2013, AK Steel will increase prices on
all stainless products. This increase will be achieved
through a reduction in the functional discount of an additional two
percentage points for cold rolled and hot rolled non-automotive
exhaust products. Also, base prices for automotive exhaust
grades will be increased by $0.02 per
pound to $0.04 per pound, depending
on the grade, effective on October 1,
2013.
Surcharges for the broad range of stainless steel products that
AK Steel produces will remain in effect, and can be found under the
Markets and Products section of 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 6,100 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, controls and is developing metallurgical coal reserves in
Somerset County,
Pennsylvania. AK Steel also owns 49.9% of Magnetation LLC, a
joint venture headquartered in Grand
Rapids, Minnesota, which produces iron ore concentrate from
previously mined ore reserves.
SOURCE AK Steel