AK Steel Announces Stainless Sheet Price Increase

 

Middletown, OH, August 23, 2006—AK Steel (NYSE: AKS) said today that it will increase transaction prices for all stainless hot-rolled sheet and strip and continuous mill plate products by approximately 10%, effective September 3, 2006.  The increase will be accomplished through a five percentage point reduction in the functional discount rate.   The company said that its published stainless product surcharges remain in effect.

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.