AK Steel Holding Corporation, through its wholly-owned subsidiary, AK Steel Corporation, operates as an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products. The operations of the company and its wholly-owned subsidiaries consist primarily of eight steelmaking and finishing plants, two coke plants, and two tube manufacturing plants across six states—Indiana, Kentucky, Michigan, Ohio, Pennsylvania, and West Virginia. These 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. The company has interests in iron ore through its 49.9% equity interest in Magnetation LLC, a joint venture that produces iron ore concentrate from previously-mined ore reserves, and in metallurgical coal through its AK Coal Resources, Inc. subsidiary, which produces metallurgical coal from reserves. In addition, the company’s operations include the Mexican and the European trading companies that buy and sell steel and steel products and other materials. In 2014, the company acquired Severstal Dearborn, LLC. The assets acquired include the integrated steelmaking assets located in Dearborn, Michigan; the Mountain State Carbon, LLC cokemaking facility located in Follansbee, West Virginia; and interests in joint ventures that process flat-rolled steel products. 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, and 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 steel products principally to customers in the United States. The company’s electrical and stainless steel products are sold both in the United States and internationally. The products that the company introduced in 2014 include CHROMESHIELD 22, THERMAK 17, and ULTRALUME PHS. Research and Development The company’s research and development costs incurred were $17.5 in 2014. History AK Steel Holding Corporation was founded under the laws of Delaware in 1993.
ak steel holding corp
(AKS*:Mexico Stock Exchange)
9227 Centre Pointe Drive
West Chester, OH 45069
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