AK Steel (AKS) Announces Price Increase on Carbon Steel Products

May 2, 2008 12:25 PM EDT

AK Steel (NYSE: AKS) announced an increase in spot market prices for its carbon steel products by $75 per ton for all new orders, effective immediately. AK Steel said that the price increase is in response to increased demand for carbon steel products, as well as the need to recover unprecedented increases in steelmaking inputs.

AK Steel Holding Corporation is a producer of flat-rolled carbon, stainless and electrical steels and tubular products through its wholly owned subsidiary, AK Steel Corporation (AK Steel and, together with AK Holding, the Company).[SM]


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