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WEST CHESTER, Ohio,
Aug. 31, 2012 /PRNewswire/ -- 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.
All raw material surcharges for stainless steel products, including those for materials under .015 inch thickness, will remain in effect. Surcharges for the broad range of stainless steel products that AK Steel produces can be found under the Products and Markets section of the company's website at
AK Steel AK Steel produces flat-rolled carbon, stainless and electrical steels, primarily for automotive, infrastructure and manufacturing, construction and electrical power generation and distribution markets. The company employs about 6,200 men and women in
Rockport, Indiana; and its corporate headquarters in
West Chester, Ohio. Additional information about AK Steel is available on the company's web site at
AK Tube LLC, a wholly-owned subsidiary of AK Steel, employs about 300 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
AK Coal Resources, Inc., another wholly-owned subsidiary of AK Steel, owns or leases metallurgical coal reserves in
Somerset County, Pennsylvania. AK Steel also owns 49.9% of Magnetation LLC, a joint venture headquartered in
Grand Rapids, Minnesota, which produces iron ore concentrate from previously mined ore reserves.
SOURCE AK Steel