WEST CHESTER, Ohio (AP) — AK Steel said Wednesday that it will raise prices for carbon flat-rolled steel.
Price increases of $40 per ton for hot rolled carbon steel products and $50 per ton for cold rolled and coated carbon steel products will take effect immediately, the company said.
AK Steel makes flat-rolled carbon stainless, and electrical steels that are used for automotive, construction, and manufacturing as well as electrical power generation and distribution.
Shares of AK Steel Holding Corp. fell 10 cents to $8.58 in morning trading.
