AK Steel calls commodity stainless market ‘brutal’

Jul 23, 2013 | 04:51 PM | Daniel Fitzgerald

Tags  AK Steel, stainless steel, electrical steel, commodity stainless, 300 series stainless, automotive stainless, James Wainscott, Daniel Fitzgerald

NEW YORK — AK Steel Corp. said the commodity stainless market is "brutal," while overcapacity in the global electrical steel market is driving more imports into the United States.

With AK Steel reporting increasing shipments to the automotive end-market in the second quarter of 2013 (amm.com, July 23), the company is keeping the majority of its focus on servicing demand for 400-series stainless.....

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