AK Steel Announces Price Increase For Carbon Steel Products
WEST CHESTER, Ohio, July 25, 2013
WEST CHESTER, Ohio, July 25, 2013 /PRNewswire/ --AK Steel (NYSE: AKS) has
increased current spot market base prices for all carbon flat-rolled steel
products by a minimum of $25 per ton. Effective immediately, the company will
now be quoting the following minimum base prices for new orders:
Minimum Base Prices for New Orders
oHot Rolled: $675 per ton
oCold Rolled: $775 per ton
oHot Dipped Galvanized: $795 per ton
AK Steel produces flat-rolled carbon, stainless and electrical steels,
primarily for automotive, infrastructure and manufacturing, construction and
electrical power generation and distribution markets. The company employs
about 6,100 men and women in Middletown, Mansfield, Coshocton and Zanesville,
Ohio; Butler, Pennsylvania; Ashland, Kentucky; Rockport, Indiana; and its
corporate headquarters in West Chester, Ohio. Additional information about AK
Steel is available on the company's web site at www.aksteel.com.
AK Tube LLC, a wholly-owned subsidiary of AK Steel, employs about 300 men and
women in plants in Walbridge, Ohio and Columbus, Indiana. AK Tube produces
carbon and stainless electric resistance welded (ERW) tubular steel products
for truck, automotive and other markets. Additional information about AK Tube
LLC is available on its web site at www.aktube.com.
AK Coal Resources, Inc., another wholly-owned subsidiary of AK Steel, controls
and is developing metallurgical coal reserves in Somerset County,
Pennsylvania. AK Steel also owns 49.9% of Magnetation LLC, a joint venture
headquartered in Grand Rapids, Minnesota, which produces iron ore concentrate
from previously mined ore reserves.
SOURCE AK Steel
Contact: Media, Michael P. Wallner, General Manager, Communications and PR,
(513) 425-2688; or Investors, Albert E. Ferrara, Jr., Senior Vice President,
Corporate Strategy and Investor Relations, (513) 425-2888
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