AK Steel (AKS) Adds $620 Per Ton Surcharge for Electrical Steel Products
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AK Steel (NYSE: AKS) has advised its customers that a $620 per ton surcharge will be added to invoices for electrical steel products shipped in November 2008. November 2008 surcharges for the broad range of stainless steel products that AK Steel produces can be found on the company's web site.
AK Steel's surcharges are based on reported prices for raw materials and energy used to manufacture the products, with the September 2008 purchase cost used to determine the November 2008 surcharges.
AK Steel produces flat-rolled carbon, stainless and electrical steels, primarily for automotive, appliance, construction and electrical power generation and distribution markets.[SM]
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