AK Steel has announced that it will increase base prices for all 200, 300 and 400 series flat rolled stainless steel products, effective with shipments on March 4th 2012.

AK Steel said that this increase will be achieved through a reduction in the functional discount of two percentage points for cold rolled and hot rolled products. Base prices of automotive exhaust grades and bright anneal finishes will increase by USD 0.04 per pound.

All raw material surcharges for stainless steel products, including those for materials under .015 inch thickness, will remain in effect.