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AK Steel to raise stainless base prices Jan. 1

Keywords: Tags  AK Steel, stainless steel, base prices, price increase, Rey Mashayekhi

NEW YORK — AK Steel Corp. is increasing base prices for select stainless steel products effective Jan. 1, the company said Nov. 22.

West Chester, Ohio-based AK Steel said the increase "will be achieved through a discount reduction of 2 percentage points," and will affect martensitic products, precipitation hardening products, tensile rolled products, duplex products, bright annealed products and custom melt products.

It did not specify the value of the increase.

The company said its stainless steel raw material surcharges will remain in effect.

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