AK Steel Holding Corporation, through its wholly-owned subsidiary, AK Steel Corporation, operates as a producer of flat-rolled carbon, stainless and electrical steels and tubular products. The company’s operations consist primarily of nine steelmaking and finishing plants and tubular production facilities located in Indiana, Kentucky, Ohio and Pennsylvania. Its operations produce flat-rolled value-added carbon steels, including coated, cold-rolled and hot-rolled carbon steel products; and specialty stainless and electrical steels that are sold in sheet and strip form, as well as carbon and stainless steel that is finished into welded steel tubing. In addition, the company’s operations include European trading companies that buy and sell steel and steel products and other materials, AK Coal Resources, Inc., which produces metallurgical coal from reserves in Pennsylvania; and a 49.9% equity interest in Magnetation LLC, a joint venture that produces iron ore concentrate from previously-mined ore reserves and that is expected to begin producing iron ore pellets in 2014 or sooner. Customers and Markets For carbon and stainless steels, the company principally directs its marketing efforts toward those customers who require the flat-rolled steel with precise ‘just-in-time’ delivery and technical support. The company’s flat-rolled carbon steel products are sold primarily to automotive manufacturers and to customers in the infrastructure and manufacturing market. The infrastructure and manufacturing market includes electrical transmission, heating, ventilation and air conditioning equipment, and appliances. The company also sells coated, cold-rolled, and hot-rolled carbon steel products to distributors, service centers, and converters who might further process these products prior to reselling them. 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. The company sells its electrical steel products in the infrastructure and manufacturing market. These products are sold primarily to manufacturers of power transmission and distribution transformers, both for new and replacement installation. The company also sells electrical steel products for use in the manufacture of electrical motors and generators. The company sells its carbon products principally to customers in the United States. Its electrical and stainless steel products are sold both domestically and internationally. Suppliers The company is a party to long-term supply contracts with Middletown Coke Company, LLC and Haverhill North Coke Company, affiliates of SunCoke Energy, Inc., to provide the company with metallurgical-grade lump coke and electricity co-generated from their facilities. Research and Development The company’s research and development costs included $13.2 in 2013. History AK Steel Holding Corporation was founded under the laws of Delaware in 1993.
ak steel holding corp
(AK2:German Stock Exchange)
9227 Centre Pointe Drive
West Chester, OH 45069
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