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agui
Penny Sorter Member
72 Posts |
 Posted - 08/07/2008 : 02:24:08
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AK Steel Corp. officials announced that a $1,040 per ton surcharge will be added to invoices for electrical steel products shipped in September.
In addition, a complete list of September surcharges for the broad range of stainless steel products AK Steel produces can be found on the company's Web site at www.aksteel.com.
Company officials said their surcharges are based on reported prices for raw materials and energy used to manufacture the products. The July 2008 purchase cost was used to determine the September surcharges.
Russian firm not interested in AK
WEST CHESTER TWP. ¡ª Russian steelmaker Evraz has denied interest in purchasing AK Steel Corp.
Deputy CEO Vasily Migunov reportedly told Business Today on Tuesday, Aug. 5 it had "no interest" in the local Fortune 500 company.
Earlier this month, German steelmaker ThyssenKrupp denied it might be interested in buying AK Steel after media reports linked the company to a possible buyout deal.
There has been speculation that AK may be entertaining sales talks with multiple parties, such as ThyssenKrupp, Evraz and Russia's largest steelmaker Severstal were involved in sale negotiations with the company.
Analysts have said the sales talk rumors were most likely dropped by investors trying to boost AK's stock price.
The company's stock increased 38 cents to close at $53.37 on Wednesday, Aug. 6.
Investment firm adds BAES shares
WEST CHESTER TWP. ¡ª Parametric Portfolio Associates has boosted its shares in BAE Systems by almost 16 percent, according to a securities filing.
The investment firm added an additional 29,885 shares to its portfolio, bringing its total holdings to 216,827 shares.
London-based BAE Systems has a 90,000-square-foot office and manufacturing facility in West Chester Twp. and employs 1,600 people there.
http://www.worldscrap.com/modules/news/article.php?aid=8232
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AK Steel adding another surcharge
