Market Overview

AK Steel Boosts prices of Stainless Steel

AK Steel (NYSE: AKS) said today that it will increase transaction prices for all Type 201, 301, 430, 430 ULTRA FORM®, 409, and 409 ULTRA FORM® flat rolled stainless steel products, effective with shipments on September 4, 2012.

AK Steel said that the increases on Types 201, 301, 430, and 430 ULTRA FORM® stainless steels will be achieved through a two point reduction in the functional discount. Transaction prices for Types 409 and 409 ULTRA FORM® stainless steels will be increased by two cents per pound.

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