AK Steel Announces March Surcharge On Electrical Steel Products

 

Middletown, OH, February 17, 2004—AK Steel (NYSE: AKS) said today that it will add a $90 per ton ($4.50/cwt.) surcharge to its electrical steel sheet and strip products, effective with shipments on March 1, 2004.  AK Steel previously implemented a surcharge to its electrical steels beginning with February shipments. 

The amount of the surcharge is adjusted monthly based upon changes in raw material costs.  This surcharge has been implemented to partially offset extraordinary increases in raw material costs, particularly costs of energy and steel scrap. 

Headquartered in Middletown, AK Steel produces flat-rolled carbon, stainless and electrical steel products for automotive, appliance, construction and manufacturing markets, as well as tubular steel products.  In addition, the company produces snow and ice control products.