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NAS, AK set to hike stainless base prices

Keywords: Tags  North American Stainless, AK Steel, stainless, flat-rolled, cold-rolled, hot-rolled, base price hike, Thorsten Schier


NEW YORK — North American Stainless Inc. (NAS) has led off a stainless base price hike, raising tags for 200-, 300- and 430-series cold-rolled products by reducing functional discounts by two percentage points effective with shipments Aug. 1.

Ghent, Ky.-based NAS is also raising 200- and 300-series hot-rolled products by $80 per ton and lowering its polish discount by 10 percent.

The subsidiary of Spain’s Acerinox SA will implement a second increase with shipments effective Oct. 1 raising raising 200-, 300- and 430-series cold-rolled prices by reducing functional discounts by an additional two percentage points, and also hiking 200- and 300-series hot-rolled products by $80 per ton effective from that date.

“These increases are necessary to support further investment in our business,” NAS said. 

West Chester, Ohio-based AK Steel Corp. followed the move, raising base prices for 200-, 300- and 400-series flat-rolled stainless products by reducing functional discounts by two percentage points effective Aug. 1.

The company will also raise prices on all cold-rolled and hot-rolled non-automotive exhaust products by reducing functional discounts by a further two percentage points effective Oct. 1, according to a statement.

AK will also increase base prices for automotive exhaust grades by between 2 and 4 cents per pound from that date.

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