AK Steel increases stainless hot-rolled products prices

February 8, 2006

AK Steel announced today that it is increasing transaction prices for all hot-rolled stainless steel sheet, strip, tubular-quality, and continuous mill plate products by approximately 6 percent, effective with shipments on February 19, 2006. The increase will be accomplished through a two-point reduction in the functional discount rate.

The company said that the price increase is in response to significant increases in manufacturing, energy, and transportation costs, and to support capital investments.

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