West Chester, Ohio-based AK Steel announced Tuesday that it will increase current spot market base prices for all carbon flat-rolled steel products effective immediately with new orders. Base prices for carbon flat-rolled products will increase by $2.00 cwt. ($44/mt or $40/nt).
AK Steel said that the price increase is in response to increased demand for carbon steel products, as well as the need to recover higher costs for steelmaking inputs.