AK Steel NYSE: AKS said today (Tuesday) that it will increase spot market prices for its carbon steel products by $50 per ton effective with new orders scheduled for delivery on September 1, 2008 and later. AK Steel said that the price increase is in response to increasing global demand for carbon steel products, as well as the need to recover increases in steelmaking inputs.

About AK Steel

AK Steel produces flat-rolled carbon, stainless and electrical steels, primarily for automotive, appliance, construction and electrical power generation and distribution markets. The company employs about 6,500 men and women in Middletown, Mansfield, Coshocton and Zanesville, Ohio; Butler, Pennsylvania; Ashland, Kentucky; Rockport, Indiana; and its corporate headquarters in West Chester, Ohio. – Press Release