Middletown, Ohio-based AK Steel has informed customers that a $340 /nt surcharge will be added to invoices for electrical steel products shipped in May 2007.
AK's electrical surcharge for May represents an increase of $110 /nt from the $230 /nt surcharge applied to April shipments of these products.
The company says that the surcharge is based on reported prices for raw materials and energy used to manufacture the products, with the March 2007 purchase cost used to determine the May 2007 surcharge.