AK Steel Raising Prices Again

New price increases for hot- and cold-rolled steel are in addition to increases announced earlier in 2007.

AK Steel said Friday it will increase pricesĀ for its spot market carbon hot-rolled steel by $30 per ton, and cold-rolled and coated steel by $20 per ton, for all new orders accepted for shipment on and after April 1.

These increases are in addition to two previous price increases totaling $70 per ton, which applied to all spot market carbon steel products, that AK Steel announced earlier this year.

The company is also increasing its price extras for critical exposed cold-rolled and coated carbon steel products by $10 per ton, to $105 per ton, also effective with orders accepted for shipment on and after April 1.

The price extras are for products used primarily for outer body automotive and light truck panels.

More in Supply Chain