Surcharge Is Based on March Costs
US steelmaker, AK Steel, said on Tuesday that it will add a $420 per ton surcharge for electrical steel products shipped in May.
The surcharge is based on price increases for
raw materials – principally iron ore – and energy used to make its steel products. The March purchase cost was used to determine surcharges for May.
The company's electrical steel products include electrical transformers and generators.
AK Steel produces flat-rolled carbon, stainless and electrical steel, primarily for automotive, appliance, construction and electrical power and generation and distribution markets.
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