Photo: Carbon Steel Tubes
AK Steel (NYSE:AKS) said today that it will increase spot market prices for its carbon steel products by $75 per ton for all new orders, effective immediately.
AK Steel said that the price increase is in response to an increase in demand for its carbon steel products. AK also noted that a need to recover unprecedented increases in steelmaking inputs.
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 6,500 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 http://www.aksteel.com .
About AK Tube LLC:
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
http://www.aktube.com .