NAS boosting stainless steel prices in Oct.

Aug 22, 2014 | 03:19 PM | Rey Mashayekhi

Tags  North American Stainless, NAS, stainless steel, base price, price increase, distributor, steelmaker, producer AK Steel

NEW YORK — North American Stainless Inc. (NAS) will increase stainless steel prices across a variety of grades and products effective Oct. 1.

The Ghent, Ky.-based steelmaker will increase prices for 200-series, 300-series and Type 430 cold-rolled grades by reducing the functional discount by 2 percentage points, the company said Aug. 21, while hot-rolled plate products and automotive grades will increase by $40 per ton. Polish discounts also will be reduced by 10 percent for the standard No. 4 finish and 20 percent for the appliance finish.....

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