On Tuesday, Ohio-based AK Steel announced to customers its September 2008 surcharge for electrical steel products.
The company will add a $1,040 /nt ($52 cwt. or $1,146 /mt) surcharge to invoices for electrical steel products shipped in September 2008, reflecting an increase of $135 /nt ($6.75 cwt. or $149 /mt) compared to the August surcharge for these products.
AK Steel used July 2008 purchase costs to determine the September surcharge, based on reported prices for raw materials and energy used to manufacture the products.