Profile: AK Steel Holding Corp (AKS)
27 Jun 2016
AK Steel Holding Corporation, incorporated on December 20, 1993, is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products through its subsidiary, AK Steel Corporation (AK Steel). The Company operates approximately eight steelmaking and finishing plants, over two coke plants and approximately two tube manufacturing plants across states, which include Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia. These operations produce flat-rolled carbon, specialty stainless and electrical steels that it sells in sheet and strip form, and carbon and stainless steel that it finishes into welded steel tubing. The Company also produces metallurgical coal through its subsidiary, AK Coal Resources, Inc. (AK Coal). In addition, the Company operates trading companies in Mexico and Europe that buy and sell steel and steel products and other materials.
The Company sells flat-rolled carbon steel products, consisting of coated, cold-rolled, and hot-rolled carbon steel products, primarily to automotive manufacturers and their suppliers, as well as to customers in the infrastructure and manufacturing market. The infrastructure and manufacturing market primarily includes electrical transmission, heating, ventilation and air conditioning equipment, and appliances. The Company also sells carbon steel products to distributors, service centers and converters, who may further process these products before reselling them. It sells its stainless steel products to manufacturers and their suppliers in the automotive industry, to manufacturers of food handling, chemical processing, pollution control, medical and health equipment, and to distributors and service centers. The Company sells its electrical steel products in the infrastructure and manufacturing market primarily to manufacturers of power transmission and distribution transformers, both for new and replacement installation. It also sells electrical steel products to manufacturers of electrical motors and generators.
The Company's facilities include Ashland Works, Butler Works, Coshocton Works, Dearborn Works, Mansfield Works, Middletown Works, Rockport Works and Zanesville Works. Ashland Works is located in Ashland, Kentucky, and produces carbon steel. It consists of a blast furnace, basic oxygen furnaces and continuous caster for the production of carbon steel and a coating line. Butler Works is located in Butler, Pennsylvania, and produces stainless, electrical and carbon steel. The Butler Works also includes a hot rolling mill, annealing and pickling units and over two fully automated tandem cold rolling mills. It has various intermediate and finishing operations for both stainless and electrical steels.
Coshocton Works is located in Coshocton, Ohio, and consists of a stainless steel finishing plant containing approximately two Sendzimer mills and over two Z-high mills for cold reduction, approximately four annealing and pickling lines, over nine bell annealing furnaces, approximately four hydrogen annealing furnaces, over two bright annealing lines and other processing equipment, including temper rolling, slitting and packaging facilities. Dearborn Works is located in Dearborn, Michigan. Its operations include carbon steel melting, casting, hot and cold rolling, and finishing operations for carbon steel. It consists of a blast furnace, basic oxygen furnaces, over two ladle metallurgy furnaces, a vacuum degasser and approximately two slab casters. Dearborn Works also has a hot rolling mill, a pickle line/tandem cold mill, batch anneal shops, a temper mill and a hot-dip galvanizing line for finishing products.
Mansfield Works is located in Mansfield, Ohio, and produces stainless steel. Its operations include a melt shop with over two electric arc furnaces, a ladle metallurgy furnace, an argon-oxygen decarburization unit, a thin-slab continuous caster and a hot rolling mill. Middletown Works is located in Middletown, Ohio. It melts carbon and processes carbon and stainless steel. It consists of a coke facility, blast furnace, basic oxygen furnaces and continuous caster for the production of carbon steel. Middletown Works also has a hot rolling mill, cold rolling mill, two pickling lines, four annealing facilities, two temper mills and three coating lines for finishing products.
Rockport Works is located near Rockport, Indiana, and consists of a continuous cold rolling mill, a continuous hot-dip galvanizing and galvannealing line, a continuous carbon and stainless steel pickling line, a continuous stainless steel annealing and pickling line, hydrogen annealing facilities and a temper mill. Zanesville Works is located in Zanesville, Ohio, and consists of a finishing plant for some of the stainless and electrical steel produced at Butler Works and Mansfield Works and has a Sendzimer cold rolling mill, annealing and pickling lines, high temperature box anneal, and other decarburization and coating units.
AK Steel Holding Corp
9227 Centre Pointe Dr
WEST CHESTER OH 45069-4822
Company Web Links
- BRIEF-AK Steel announces pricing of $380 mln of senior secured notes due 2023
- BRIEF-AK Steel to offer $380 million of senior secured notes
- BRIEF-AK Steel says financial priorities include reduction of indebtedness over time by about $700 mln
- BRIEF-AK Steel provides pricing update
- BRIEF-Ak steel prices stock offering at $4.4 per share