AK Steel To Increase Prices For Stainless Steel Products

 

Middletown, OH, July 25, 2006—AK Steel (NYSE: AKS) said today that it will increase transaction prices for all hot-rolled and cold-rolled stainless steel sheet, strip, tubular quality and continuous mill plate products by approximately 6%, effective with shipments on August 6, 2006.  The transaction price increases will be accomplished through a two percentage point reduction in the functional discount rate, which equates to approximately $70 per ton. 

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.