Last $95.00 MXN
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As of 4:08 PM 04/15/14 All times are local (Market data is delayed by at least 15 minutes).

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01/3/14 - $107.00
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04/17/13 - $34.00
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ak steel holding corp (AKS*) Details

AK Steel Holding Corporation, through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, stainless and electrical steel, and tubular products in the United States and internationally. It produces flat-rolled value-added carbon steels, including coated, cold-rolled, and hot-rolled carbon steel products; and specialty stainless and electrical steels in sheet and strip forms. The company also produces carbon and stainless steel that is finished into welded steel tubing, which is used in the automotive, large truck, industrial, and construction markets; buys and sells steel and steel products, and other materials; and produces metallurgical coal from reserves in Pennsylvania. It sells its flat-rolled carbon steel products primarily to automotive manufacturers and to customers in the infrastructure and manufacturing markets, including electrical transmission, heating, ventilation and air conditioning equipment, and appliances; and coated, cold-rolled, and hot-rolled 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; manufacturers of food handling, chemical processing, pollution control, and medical and health equipment; and distributors and service centers. It also sells electrical steel products to manufacturers of power transmission and distribution transformers, as well as for use in the manufacture of electrical motors and generators. AK Steel Holding Corporation was founded in 1993 and is headquartered in West Chester, Ohio.

6,400 Employees
Last Reported Date: 02/21/14
Founded in 1993

ak steel holding corp (AKS*) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.2M
Chief Financial Officer and Vice President of...
Total Annual Compensation: $335.9K
Executive Vice President, General Counsel, Se...
Total Annual Compensation: $637.5K
Compensation as of Fiscal Year 2012.

ak steel holding corp (AKS*) Key Developments

AK Steel Provides Earnings and Operations Outlook for the First Quarter of 2014

AK Steel provided earnings guidance for its first quarter of 2014. For the period, the company expects to report a net loss of $0.44 to $0.49 per diluted share of common stock. The expected net loss was driven principally by several significant factors during the first quarter that the company does not expect to continue during the rest of the year, including higher energy costs related to the extreme cold weather, an unplanned blast furnace outage, the acceleration of a planned blast furnace outage, and a charge for a tentative legal settlement. The company expects to record an income tax benefit at an effective tax rate of approximately 29% for the first quarter of 2014. The company expects shipments of approximately 1,250,000 to 1,275,000 tons in the first quarter of 2014, an approximate 10% to 12% decrease from 1,420,000 tons in the fourth quarter of 2013. The reduction in shipments for the first quarter is attributable principally to the effects of the unplanned outage at the company's Ashland Works blast furnace (described below) resulting in a decline in shipments of carbon steel to the spot market and a decline in shipments of electrical steel, partially offset by higher automotive shipments.

AK Steel Completes New $1.1 Billion Credit Facility

AK Steel has entered into a new $1.1 billion, five-year revolving credit facility with a group of lenders. The new credit facility will expire in March 2019. Bank of America, N.A., J.P. Morgan Securities LLC and Wells Fargo Capital Finance, LLC acted as joint lead arrangers. The new credit facility is secured by most of the company's inventory and accounts receivable. It replaces the company's existing $1.1 billion credit facility, which was set to expire in April 2016 and was secured by the same classes of assets as the new credit facility. The new credit facility will provide the company with enhanced liquidity and greater financial and strategic flexibility. It will be used for working capital and general corporate purposes.

USW Members Ratify Labor Agreement for AK Steel's Mansfield Works

AK Steel announced that members of the United Steelworkers (USW) Local 169 have ratified a three-year labor agreement covering about 280 hourly production and maintenance employees at the company's Mansfield (OH) Works. The current agreement expires on March 31, 2014. The new agreement will take effect on March 31, 2014 and expire on March 31, 2017.


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Price/Cash Flow 6.6x
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