AK Steel Increasing Prices For Carbon Steels

 

West Chester, OH, January 16, 2008—AK Steel (NYSE: AKS) said today that it will increase spot market prices for its carbon steel products by $30 per ton for all new orders accepted for shipment on March 1, 2008 and later. AK Steel said that its March order book is now open for hot rolled products. The company also noted that there are limited quantities of cold rolled and galvanized products remaining for March.

AK Steel said that the price increase is in response to increased demand for carbon steel products, as well as the need to recover higher costs for steelmaking inputs.

AK Steel produces flat-rolled carbon, stainless and electrical steels, primarily for automotive, appliance, construction and electrical power generation and distribution markets. The company employs about 6,500 men and women in Middletown, Mansfield, Coshocton and Zanesville, Ohio; Butler, Pennsylvania; Ashland, Kentucky; Rockport, Indiana; and its corporate headquarters in West Chester, Ohio. Additional information about AK Steel is available on the company's web site at www.aksteel.com.

AK Tube LLC, a wholly owned subsidiary of AK Steel, employs about 300 men and women in plants in Walbridge, Ohio and Columbus, Indiana. AK Tube produces carbon and stainless electric resistance welded (ERW) tubular steel products for truck, automotive and other markets. Additional information about AK Tube LLC is available on its web site at www.aktube.com.