AK Steel will increase base prices for 200, 300 and 400 series flat rolled stainless steel products, effective with shipments on August 1, 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.
Further, effective with shipments on October 1, 2013, AK Steel will increase prices on all stainless products. This increase will be achieved through a reduction in the functional discount of an additional two percentage points for cold rolled and hot rolled non-automotive exhaust products. The base prices for automotive exhaust grades will be increased by USD 0.02 per pound to USD 0.04 per pound, depending on the grade, effective on October 1, 2013.
Surcharges for the broad range of stainless steel products that AK Steel produces will remain in effect.
