November 17, 2009 (FinancialWire) — AK Steel (NYSE: AKS) said it will increase base prices for all of its 200, 300 and 400 series flat rolled stainless steel products by 6% to 9%, depending upon the grade and product form, effective with shipments on January 3, 2010.

The company said this increase will be achieved through a reduction in the functional discount of two percentage points for cold rolled and hot rolled products.

AK said the base prices of automotive exhaust grades will increase by $.04 per pound.

West Chester, Ohio-based AK Steel produces flat-rolled carbon, stainless and electrical steels, primarily for automotive, appliance, construction and electrical power generation and distribution markets.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports, filings and conference call webcasts for companies mentioned in the news are available via Investrend Syndications (http://investrend.ar.wilink.com/?level=279). Monday’s issued reports and/or recorded webcasts include Marine Harvest ASA (x: MHG), China GengSheng Minerals, Inc. (OTCBB: CHGS), Skystar Bio-Pharmaceutical Company (OTCBB: SKBI), Fortuna Silver Mines, Inc. (TSX Venture: FVI), LocatePLUS Holdings, Inc. (OTC: LPHC) and Premier Power Renewable Energy, Inc. (OTCBB: PPRW).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.