WEST CHESTER, Ohio, Dec. 8 /PRNewswire-FirstCall/ -- AK Steel said today that it will increase spot market prices for its carbon steel products by $30 per ton for all new orders accepted for shipment on January 1, 2010 and later. This price increase is in addition to a previously announced increase of $20 per ton for carbon hot rolled products, and $30 per ton for carbon cold rolled and coated products, which is also effective with January 1, 2010 shipments.
AK Steel said that the price increase is in response to increased demand for carbon steel products, as well as the need to recover higher costs for steelmaking inputs.
About AK Steel
AK Steel produces flat-rolled carbon, stainless and electrical steels, primarily for automotive, appliance, construction and electrical power generation and distribution markets. The company employs about 6,000 men and women in Middletown, Mansfield, Coshocton and Zanesville, Ohio; Butler, Pennsylvania; Ashland, Kentucky; Rockport, Indiana; and its corporate headquarters in West Chester, Ohio. Additional information about AK Steel is available on the company's web site at http://www.aksteel.com/.
AK Tube LLC, a wholly owned subsidiary of AK Steel, employs about 250 men and women in plants in Walbridge, Ohio and Columbus, Indiana. AK Tube produces carbon and stainless electric resistance welded (ERW) tubular steel products for truck, automotive and other markets. Additional information about AK Tube LLC is available on its web site at http://www.aktube.com/.
AK Steel
CONTACT: Media: Alan H. McCoy, Vice President, Government and Public
Relations, +1-513-425-2826, Investors: Albert E. Ferrara, Jr., Vice President,
Finance & CFO, +1-513-425-2888, both of AK Steel
Web Site: http://www.aksteel.com/
