AK Steel (NYSE:AKS) said Monday they're going to increase the price of their carbon steel products by $40 a ton going forward.
Demand for carbon steel products is the impetus behind the price increase, along with increasing margins because of higher costs.
The new prices will start immediately, and will be added to any new orders for carbon steel products, said the steelmaker.
This refers to up to date spot market base prices, which the $40 a ton will be added to.
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