Stronger demand drives the latest AK Steel price hike

The pricers at AK Steel (AKS) are at it again. This time, the company announced price hikes for carbon steel products:

“Base prices will increase by $50 per ton for hot rolled and cold rolled carbon steel products, and by $60 per ton for coated carbon steel products.”

AKS is facing higher input costs for making steel. More importantly, the company is experiencing stronger demand for its carbon steel products.

AKS has remained essentially flat for 5 months

AKS has remained essentially flat for 5 months

Source: stockcharts.com

Disclosure: author owns shares in AKS

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