AK Steel Raises Carbon Flat-Rolled Steel Prices

 

Middletown, OH, August 04, 2003—AK Steel (NYSE: AKS) said it has notified customers that it is increasing base prices for its carbon flat-rolled steel products as a result of continued increases of raw materials and high energy costs.  The increases apply immediately to all new orders not covered by existing price agreements.  The increases raise hot-rolled prices by $20 per ton, with cold-rolled and coated prices rising by $15 per ton.

AK Steel, headquartered in Middletown, produces flat-rolled carbon, stainless and electrical steel products for automotive, appliance, construction and manufacturing markets, as well as tubular steel products.  AK Steel has steel producing and finishing facilities in Middletown, Coshocton, Mansfield, Walbridge, and Zanesville, Ohio; Ashland, Kentucky; Rockport, Indiana; and Butler, Pennsylvania.  AK Steel also produces snow and ice control products, and operates a major industrial park on the Houston, Texas ship channel.