AK Steel Increasing Carbon Steel Base Prices And Zinc Coating Extras

 

Middletown, OH, May 11, 2006—AK Steel (NYSE: AKS) today announced that it will increase spot market base prices for all carbon steel products by $30 per ton for new orders received for shipment on June 1, 2006 and later.  AK Steel said, but for a small amount of hot-rolled product, the company is sold out of all carbon steel products for the second quarter of 2006.

AK Steel also said that it will raise prices for its zinc coating extras on new orders due to the continually escalating cost of zinc that is used to coat galvanized steel sheet products.   AK Steel noted that zinc prices are hitting record levels almost daily.  AK Steel previously raised prices of its zinc coating extras by 70 percent effective April 1, 2006 and by 40 percent, effective June 1, 2006 because of rapidly rising zinc prices.  This week, prices for zinc again hit record highs at over $1.70 per pound, nearly triple the price of a year ago.

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.