The Enquirer
AK Steel shares surged 7.5 percent Monday after the West Chester-based company announced it will increase current spot market prices for carbon flat-rolled steel products by $30 per ton, effective immediately.
The steel industry has struggled to deal with declining demand in the slow global economy, higher raw-material costs in some cases and plentiful supplies. AK Steel shares closed on Monday at $5.28, up 37 cents.
