Profile: AK Steel Holding Corp (AKS)
11 Dec 2017
AK Steel Holding Corporation, incorporated on December 20, 1993, is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation (AK Steel). The Company also operates blast furnaces and electric arc furnaces. As of December 31, 2016, its operations included eight steelmaking and finishing plants, two coke plants and two tube manufacturing plants across states, including Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia, and a tube manufacturing plant in Mexico. 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, through its subsidiary, AK Coal Resources, Inc. (AK Coal) produces metallurgical coal. In addition, it 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, which consists 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. It also sells carbon steel products to distributors, service centers and converters.
The Company 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. It 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 that enables to complete the finishing operation of material processed at Middletown Works.
Butler Works is located in Butler, Pennsylvania, and produces stainless, electrical and carbon steel. Melting takes place in an electric arc furnace that feeds an argon-oxygen decarburization unit for the specialty steels. A ladle metallurgy furnace feeds two double-strand continuous casters. As of December 31, 2016, it included a hot rolling mill, annealing and pickling units and two tandem cold rolling mills. It also has various intermediate and finishing operations for both stainless and electrical steels.
Coshocton Works is located in Coshocton, Ohio. As of December 31, 2016, it consisted of a stainless steel finishing plant, which contained two Sendzimer mills and two Z-high mills for cold reduction, four annealing and pickling lines, nine bell annealing furnaces, four hydrogen annealing furnaces, two bright annealing lines and other processing equipment, including temper rolling, slitting and packaging facilities. Dearborn Works is located in Dearborn, Michigan and its operations include carbon steel melting, casting, hot and cold rolling and finishing operations for carbon steel. As of December 31, 2016, it consisted of a blast furnace, basic oxygen furnaces, two ladle metallurgy furnaces, a vacuum degasser and 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. As of December 31, 2016, its operations included a melt shop with 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. As of December 31, 2016, it had 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 carbon and stainless steel finishing plant containing 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 a range 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.
The Company, through its subsidiary, AK Tube LLC (AK Tube), has a plant in Walbridge, Ohio. As of December 31, 2016, it operated six electric resistance welder tube mills and a slitter. It also has a plant on leased property in Columbus, Indiana. As of December 31, 2016, it operated seven electric resistance welder and one laser welder tube mill. AK Tube's leased plant in Queretaro, Mexico operates an electric resistance welder tube mill. Its subsidiary, Mountain State Carbon, LLC produces furnace and foundry coke from its cokemaking facility in Follansbee, West Virginia.
AK Steel Holding Corp
9227 Centre Pointe Dr
WEST CHESTER OH 45069-4822
Company Web Links
- BRIEF-USW Members ratify labor agreement with AK Tube
- BRIEF-AK steel announces Q3 loss per share $0.02
- BRIEF-AK Steel - Will implement electrode surcharge for all stainless product shipments effective Oct 29
- BRIEF-UAW members ratify labor agreement for Rockport Works
- BRIEF-AK Steel Holding enters into an amended and restated $1.35 billion secured revolving credit facility