Leading US flat rolled producer AK Steel announced today that it will raise transaction prices for all cold rolled and hot rolled
stainless steel sheet, strip,
tubular quality, and continuous mill
plate products.
The increase will be approximately 3 percent and will be effective with shipments as of March 19, 2006.
AK says that the increase will be accomplished through a one point reduction in the functional discount rate.
The company attributes the price increase to rising demand for
stainless products as well as increased raw material costs.