AK Steel said that the surcharge for its electrical steel sheet and strip products will be $80 per ton, effective with shipments on July 1, 2004. AK Steel previously implemented a surcharge on its electrical steels beginning with February 2004 shipments.
The amount of the surcharge is adjusted monthly based upon changes in raw material costs. This surcharge has been implemented to partially offset extraordinary increases in raw material costs, particularly costs of energy and steel scrap.