Courtesy of Benzinga.
AK Steel (NYSE: AKS) said today that, in addition to the stainless steel price increase announced by the company on November 22, 2013, the company will also increase base prices for all of its remaining stainless steel products, effective with shipments on January 1, 2014.
AK Steel said the increase will be achieved through a discount reduction of two percentage points. For all products priced using net prices, including automotive exhaust products, the increase will be achieved by adding $.02 per pound to the existing prices.
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 SteelAK 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
