Aug. 24, 2006 — AK Steel announced that it will increase transaction prices for all stainless hot- rolled sheet and strip and continuous mill plate products by approximately 10%.

The increase, which is effective September 3, 2006, will be accomplished through a five percentage point reduction in the functional discount rate.

The company said that its published stainless product surcharges remain in effect.

Headquartered in Middletown, Ohio, AK Steel produces flat-rolled carbon, stainless and electrical steel products, as well as carbon and stainless tubular steel products, for automotive, appliance, construction and manufacturing markets.