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News Breaks | | | | November 9, 2012 | | 17:42 EDT |  | AKS | AK Steel announces stainless steel price increase
AK Steel will increase base prices for all 200, 300 and 400 series flat rolled stainless steel products, effective with shipments on December 30. AK Steel said this increase will be achieved through a reduction in the functional discount of four percentage points for cold rolled and hot rolled products. Base prices of automotive exhaust grades will increase by 4c per pound. All raw material surcharges for stainless steel products, including those for materials under .015-inch thickness, will remain in effect. | |
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| May 24, 2013 | | 09:35 EDT |  | AKS | Steel price increase unlikely to stick, says Credit Suisse
After steel companies AK Steel (AKS), US Steel (X) and ArcelorMittal (MT) announced price increases, Credit Suisse thinks the full price hike is unlikely to stick. The firm believes that the sector's fundamentals suggest that steel stocks are likely to remain range bound this summer. However, the firm predicts that stronger demand trends are likely to drive steel stocks higher in the early fall. | | | May 23, 2013 | | 14:51 EDT | | AKS | AK Steel announces price increase for carbon steel products
AK Steel said that it will increase current spot market base prices for all carbon flat-rolled steel products by a minimum of $50 per ton, effective immediately with new orders. | |
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