AK Steel Increases Prices for Stainless Steel Products

In the latest in a series of hikes enacted this year, AK Steel  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.

The article AK Steel Increases Prices for Stainless Steel Products originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in any stocks mentioned. Nor does The Motley Fool. 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

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs 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.