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AK Steel declares cash dividend, raises prices
Thursday, April 24, 2008
WEST CHESTER TWP. — AK Steel Corp.'s board of directors have declared a quarterly cash dividend of 5 cents per share of common stock, payable on June 10, 2008, to shareholders of record on May 16, 2008.
The company said it has approximately 112 million shares of common stock outstanding.
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The company also announced it will increase spot market prices for its carbon steel products by $50 per ton for all new orders, effective immediately.
Company officials said the price increase is in response to increased demand for carbon steel products, as well as the need to recover increases in steelmaking inputs.
