AK Steel reveals price hike for stainless steel products

AK Steel reveals price hike for stainless steel products

AK Steel has announced today that transaction prices for all cold rolled stainless sheet and strip products will be raised by approximately 3 percent, effective with all shipments beginning February 19, 2006. To establish this price increase, a two point reduction will be made in the functional discount rate. The company attributes the price increase to elevations in energy, manufacturing and transportation costs, as well as a need to fund capital investments.