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AK Steel

(AKS) - Get AK Steel Holding Corporation Report

will raise base prices of its precipitation hardening stainless steel products by 10% starting Sept. 19.

The Middletown, Ohio-based company cited rising costs of manufacturing, energy and transportation. AK Steel said raw material surcharges will continue for stainless steel products.

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PH grades of stainless steels have very high strength and hardness. They are used in aircraft, aerospace, chemical and petrochemical, and food processing applications.

On Tuesday, AK Steel shares dropped 4 cents to $7.66.