SOURCE: AK Steel

AK Steel

March 01, 2017 16:30 ET

AK Steel Announces Stainless Steel Price Increase

WEST CHESTER, OH--(Marketwired - Mar 1, 2017) - AK Steel (NYSE: AKS) said today that it will increase base prices for all of its stainless steel products, effective with shipments on April 3, 2017. For commodity sheet and strip, specialty sheet and strip, and pipe and tube sheet and strip products, the increase will be achieved through a reduction in the functional discount of two percentage points. For all remaining stainless steel products, including automotive sheet and strip, base prices will be increased by $40 per ton. 

AK Steel
AK Steel is a leading producer of flat-rolled carbon, stainless and electrical steel products, and carbon and stainless tubular products, primarily for automotive, infrastructure and manufacturing, electrical power generation and distribution markets. Headquartered in West Chester, Ohio (Greater Cincinnati), the company employs approximately 8,500 men and women at eight steel plants, two coke plants and two tube manufacturing plants across six states (Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia) and one tube plant in Mexico. Additional information about AK Steel is available at www.aksteel.com.

Contact Information

  • Contacts:
    Media
    Lisa H. Jester
    Corporate Manager, Communications and Public Relations
    (513) 425-2510

    Investors
    Douglas O. Mitterholzer
    General Manager, Investor Relations
    (513) 425-5215