AK Steel Increases Prices for Stainless Steel Products

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

In the latest in a series of hikes enacted this year, AK Steel  (NYSE: AKS  ) is increasing prices for a number of its specialty stainless steel products. The company announced that the raises will take the form of a discount reduction of two percentage points. The affected goods include all martensitic, precipitation hardening, tensile rolled, duplex, bright annealed, and custom melt products or grades specific to the company. The increases take effect next January 1. 

The move comes several weeks after the company announced a price increase of $30 per ton for its carbon steel products.

AK Steel hasn't been alone in enacting raises lately; industry peers and competitors such as Nucor, ArcelorMittal, and Steel Dynamics have all effected such increases.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2740499, ~/Articles/ArticleHandler.aspx, 9/27/2016 3:04:19 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,215.50 120.67 0.67%
S&P 500 2,158.13 12.03 0.56%
NASD 5,301.63 44.13 0.84%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/27/2016 2:48 PM
AKS $4.86 Down -0.22 -4.24%
AK Steel Holding CAPS Rating: **