AK Steel Announces May Surcharge On Electrical Steel Products

 

Middletown, OH, April 20, 2004—AK Steel (NYSE: AKS) said today that, effective with shipments on May 1, 2004, the surcharge to its electrical steel sheet and strip products will be $150 per ton ($7.50/cwt.).  AK Steel previously implemented a surcharge to its electrical steels beginning with February 2004 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, as well as carbon and stainless tubular steel products, for automotive, appliance, construction and manufacturing markets.