AK Steel (AKS) Anounces 6% - 9% on Stainless Steel Products

May 3, 2010 5:19 PM EDT
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 May 30, 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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