WEST CHESTER, Ohio,
Feb. 16, 2016 /PRNewswire/ -- AK
Steel (NYSE: AKS) said today that it will increase base prices for
all of its stainless steel products, effective with shipments on
March 1, 2016. For commodity
sheet and strip, specialty sheet and strip, and pipe and tube sheet
and strip products, the increase will be achieved through a
reduction in the functional discount of two percentage
points. For all remaining stainless steel products, including
automotive sheet and strip, base prices will be increased by
$40 per ton.
AK Steel
AK Steel is a world leader in the production
of flat-rolled carbon, stainless and electrical steel products,
primarily for automotive, infrastructure and manufacturing,
construction and electrical power generation and distribution
markets. Headquartered in West
Chester, Ohio (Greater
Cincinnati), the company employs approximately 8,000 men and
women at eight steel plants, two coke plants and two tube
manufacturing plants across six states: Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia.
Additional information about AK Steel is available at
www.aksteel.com.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/ak-steel-announces-stainless-steel-price-increase-300220256.html
SOURCE AK Steel