AK Steel Announces January 2005 Surcharges

 

Middletown, OH, December 15, 2004—AK Steel (NYSE: AKS) has advised its flat-rolled carbon steel customers that a $205 per ton surcharge will be added to invoices for products shipped in January 2005, an increase of $52 from December’s surcharge of $153 per ton.   Also, AK Steel has advised its electrical steel customers that a $400 per ton surcharge will be added to invoices for electrical steel products shipped in January 2005, up $140 from the December surcharge of $260 per ton for those products.   January surcharges for the broad range of stainless steel products that AK Steel produces can be found on the company’s web site at www.aksteel.com.

Consistent with AK Steel’s previously announced practice, the surcharges are based on reported prices for raw materials and energy used to manufacture the products, with the November 2004 purchase cost used to determine the January 2005 surcharges. 

AK Steel has modified its surcharge calculation for carbon steels, effective with shipments on and after January 1, 2005, to include purchased coke, iron ore pellets and hot briquetted iron, in addition to natural gas, carbon scrap, purchased slabs and coal.  AK Steel announced in November that it would make modifications to its surcharge calculations beginning in January 2005 for these products.

Headquartered in Middletown, Ohio, AK Steel produces flat-rolled carbon, stainless and electrical steel products, as well as carbon and stainless tubular steel products, for automotive, appliance, construction and manufacturing markets.