AK Steel announces stainless steel price increase

AK Steel (AKS) said 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. The company stated that 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 USD 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

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