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November 9, 2012
17:42 EDTAKSAK 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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