AK Steel Hiking Prices

Before you go, we thought you'd like these...
Before you go close icon

Following up on its April announcement that it was raising base prices (effective May 6) on 200, 300, and 400 series flat-rolled stainless steel products, steelmaker AK Steelannounced Thursday that it is now also raising current spot market prices for all of its carbon flat-rolled steel products.

Prices on these products will be going up by "a minimum" of $40 per ton, and this rate hike is effective immediately for all new orders.

Investors responded positively to the development, bidding AK shares up 6.2% in Wednesday trading, to close at $3.62.

The article AK Steel Hiking Prices originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners