Higher demand and higher costs drive more AK Steel Price HikesPosted: December 10, 2009
AK Steel (AKS) continues to roll out price increases. On December 8th, AKS announced price increases on carbon steel products:
“[AKS] said today that it will increase spot market prices for its carbon steel products by $30 per ton for all new orders accepted for shipment on January 1, 2010 and later. This price increase is in addition to a previously announced increase of $20 per ton for carbon hot rolled products, and $30 per ton for carbon cold rolled and coated products, which is also effective with January 1, 2010 shipments.
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.”