Steel Products
AK Steel Announces $40 Per Ton Price Increase on Flat Rolled
Written by John Packard
January 23, 2013
On Monday, January 23rd, AK Steel announced a price increase on all flat rolled steel products of $40 per ton ($2.00/cwt). The price increase is for “spot” orders only and is “effective immediately” according to the press release issued by the company.
This is the first price announcement so far during the 2013 calendar year. During calendar year 2012, AK Steel made eight price announcements on flat rolled steel totaling $320 per ton ($16.00/cwt). Last year began with prices averaging $725 per ton they peaked at $745 per ton, dropped to a low of $580 per ton before ending the year at $635 per ton.
The mill did not provide any reason for their price announcement.
Note: Should say – Mill Announces “Second” not “Fourth” Price increase in the second to last line.
John Packard
Read more from John PackardLatest in Steel Products
SMU Community Chat replay now available
The latest SMU Community Chat webinar reply is now available on our website to all members. After logging in at steelmarketupdate.com, visit the community tab and look under the “previous webinars” section of the dropdown menu. All past Community Chat webinars are also available under that selection. If you need help accessing the webinar replay, or if your company […]
SSAB announces $74M expansion in Alabama
The project will expand heat treat capacity at its Axis, Alabama plant
Service centers: Mill orders retreat in March
SMU’s Mill Order Index declined in March after repeated gains at the start of the year, according to our latest service center inventories data.
Nucor maintains plate prices
Nucor aims to keep plate prices flat with the opening of its June order book.
US rig count up, Canada declines
Oil and gas drilling activity was mixed this week, according to Baker Hughes. US rig counts expanded for a second straight week, while Canadian activity continued its seasonal slowdown of eight consecutive weeks.