The company said that the price increase is in response to increased demand for carbon steel products, as well as the need to recover unprecedented increases in steelmaking inputs.
West Chester, Ohio-based AK Steel produces flat-rolled carbon, stainless and electrical steels, primarily for automotive, appliance, construction and electrical power generation and distribution markets.
The company employs about 6,500 men and women. AK Tube LLC, a wholly owned subsidiary of AK Steel, employs about 300 men and women and produces carbon and stainless electric resistance welded tubular steel products for truck, automotive and other markets.
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