AK Steel Announces Price Increases For Certain Stainless Steel Products

 

West Chester, OH, September 17, 2010—AK Steel (NYSE: AKS) said today that it will increase transaction prices for specialty flat-rolled stainless steel products in the 200, 300 and 400 series, as well as duplex and precipitation hardening grades, effective with shipments on November 1, 2010.  The price increases will be accomplished through a reduction in the functional discount rate, which will equate to a price increase of approximately 5% to 10%, depending upon the grade and product form.  The products involved include tensilized, bright annealed and special finishes, along with special mechanical requirements.  

AK Steel said that the price increase is in response to increased demand for stainless steel products, as well as the need to recover increased costs of steel production.  AK Steel’s published stainless product surcharges remain in effect, and can be found on the company’s web site at www.aksteel.com

About AK Steel

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 6,200 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.