AK Steel announces stainless steel price increase

April 20, 2009

AK Steel said today that it is increasing base prices for all 200, 300, and 400 series flat rolled stainless steel products by 6 percent to 9 percent, depending upon the grade and product form, effective with shipments on May 3, 2009.

The company said this increase will be achieved through a reduction in the functional discount of two percentage points for cold rolled products. The company also will implement a net increase of $.04/lb on hot rolled products, and $.02/lb on automotive exhaust grades.

All surcharges for stainless steel products will remain in effect.

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