AK Steel announces price increases for electrical steels

AK Steel announces price increases for electrical steels

AK Steel will increase the spot market transaction prices for its Regular Grain Oriented and TRAN-COR H electrical steel products, effective with shipments on and after Aug. 1, 2005, according to an announcement issued by the company June 30. An increase of 18 percent over current base market prices will be applied to AK Steel's Mill-Anneal (glass film) finish and Lite CARLITE grain-oriented grades, which are commonly used in distribution transformers and other wound- core transformer applications. Transaction prices for AK Steel's grain-oriented and TRAN-COR H grades with a full CARLITE coating will increase by 43 percent over current base market prices. These steel products are commonly used in stacked core transformers. AK Steel said it also expects new contract pricing for oriented electrical steels to increase by similar amounts, reflecting strong worldwide demand for the products. The press release issued by AK Steel also noted that its raw material surcharge will continue for electrical steel products. Headquartered in Middletown, Oh, AK Steel produces flat-rolled carbon, stainless and electrical steel products, as well as carbon and stainless tubular steel products, for automotive, appliance, construction and manufacturing markets.