AK Steel to increase stainless steel price

AK Steel has announced that it will increase base prices for all 200, 300 and 400 series flat rolled stainless steel products, effective with shipments on May 6, 2013. AK Steel said this increase will be achieved through a reduction in the functional discount of two percentage points for cold rolled and hot rolled non-automotive exhaust products.
Base prices for automotive exhaust grades will increase by $0.03 per pound, effective with shipments on June 3, 2013.
Surcharges for the broad range of stainless steel products that AK Steel produces can be found under the Markets and Products section of the company’s web site at www.aksteel.com.

AK Steel produces flat-rolled carbon, stainless and electrical steels, primarily for automotive, infrastructure and manufacturing, construction and electrical power generation and distribution markets.
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