AK Steel announced yesterday that it would increase spot market prices for its carbon steel products by $30 per ton for all new orders accepted for shipment May 1 and later.
AK Steel also advised its flat-rolled carbon steel customers that a $189 per ton surcharge would be added to invoices for products shipped in April 2006. Additionally, AK Steel advised its electrical steel customers that a $200 per ton surcharge would be added to invoices for electrical steel products shipped in April.
AK Steelâ€™s surcharges are based on reported prices for raw materials and energy used to manufacture the products, with the February 2006 purchase cost used to determine the April 2006 surcharges.
And while we’re on the subject of AK, they’re still having labour problems.
As AK Steel Corp.’s lockout of Armco Employees Independent Federation enters its third week, leaders of United Steelworkers of America are watching.
The Steelworkers, a union with 1.2 million working and retired members in the United States and Canada, have courted AEIF members in the past decade, but to no avail.