AK Steel raises prices for carbon flat-rolled steel products AK Steel said that it has increased current spot market base prices for all carbon flat-rolled steel products. Effective immediately, the company will be quoting the following minimum base prices for new orders: Hot Rolled: $680 per ton; Cold Rolled: $790 per ton; Hot Dipped Galvanized: $810 per ton.
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AK Steel upgraded to Outperform from Neutral at Macquarie Macquarie upgraded AK Steel to Outperform citing improved pricing and demand as well as the company's significant cost reduction potential. The firm raised its price target for shares to $11 from $6.