AK Steel announces July surcharges for electrical and stainless steels

AK Steel has advised its customers that an $820 per ton surcharge will be added to invoices for electrical steel products shipped in July 2008.

July surcharges for the company's stainless steel products can be found on its Web site.

The company said that because of continued increases in raw material costs, it will add a new surcharge for copper, effective with shipments on June 29, 2008.

The surcharges are based on reported prices for raw materials and energy used to manufacture the products, with the May 2008 purchase cost used to determine the July 2008 surcharges.