AK Steel (AKS) to Increase Base Prices for All 200, 300, 400 Series Flat Rolled Products by 6-9%
AK Steel (NYSE: AKS) said today that it will increase base prices for all 200, 300 and 400 series flat rolled stainless steel products by 6% to 9%, depending upon the grade and product form, effective with shipments on January 3, 2010.
AK Steel said this increase will be achieved through a reduction in the functional discount of two percentage points for cold rolled and hot rolled products. Base prices of automotive exhaust grades will increase by $.04 per pound.
All surcharges for stainless steel products will remain in effect.
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