AK Steel Changes Surcharge for Stainless Steel Products
WEST CHESTER, OH--(Marketwired - Oct 6, 2017) - AK Steel (NYSE: AKS) announced today that it will implement an electrode surcharge for all stainless product shipments effective October 29, 2017. The addition of this surcharge is necessary due to the recent and significant increase in the cost of graphite electrodes, which are used in the production of stainless steel grades in the steelmaking operations of the company.
The monthly electrode surcharge amount will be the same for all stainless grades produced by AK Steel, and will be listed in the company's existing monthly surcharge publication. The electrode surcharge amount will be $13.20 per ton for shipments in November 2017.
AK Steel is a leading producer of flat-rolled carbon, stainless and electrical steel products, primarily for the automotive, infrastructure and manufacturing, electrical power generation and distribution markets. Through its subsidiaries, the company also provides customer solutions through carbon and stainless steel tubing products, die design and tooling, and hot and cold stamping. Headquartered in West Chester, Ohio (Greater Cincinnati), the company employs approximately 9,400 men and women at manufacturing operations across seven states (Alabama, Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia), as well as Canada and Mexico. Additional information about AK Steel is available at www.aksteel.com.
Lisa H. Jester
Corporate Manager, Communications and Public Relations
Douglas O. Mitterholzer
General Manager, Investor Relations