AK Steel (AKS) to Raise Prices for Carbon Steel Products: $50/Ton for Hot, Cold Rolled, $60/Ton for Coated

May 23, 2011 5:48 PM EDT
AK Steel (NYSE: AKS) announced it will increase current spot market base prices for all carbon flat-rolled steel products, effective immediately with new orders.

Base prices will increase by $50 per ton for hot rolled and cold rolled carbon steel products, and by $60 per ton for coated carbon steel products.

AK Steel said that the price increase is needed to recover higher costs for steelmaking inputs, and is supported by a recent increase in the order intake rate for carbon steel products.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Corporate News

Related Entities

Raising Prices