AK Steel Corporation is an American steel company whose predecessor, Armco, was founded in 1899 in Middletown, Ohio. Today, the company's corporate headquarters is situated in West Chester, Ohio, (a suburb of Cincinnati) after having moved from Middletown, Ohio, in August 2007.
AK Steel's main products are carbon, stainless and electrical steels, cold rolled and aluminium coated stainless steel for automakers.
One of Armco's best-known products may be the crash barriers installed around many auto-racing tracks, particularly in Formula One. These barriers are commonly called "Armco".
Another product is bent corrugated steel panels that can be bolted together to make culverts. These are known as "Armco culverts".
AK Steel Holding Corporation (AK Holding), incorporation in 1993, is a producer of flat-rolled carbon, stainless and electrical steels and tubular products through its wholly owned subsidiary, AK Steel Corporation (AK Steel). AK Holding’s operations consist of seven steelmaking and finishing plants located in Indiana, Kentucky, Ohio and Pennsylvania that produce flat-rolled carbon steels, including coated, cold-rolled and hot-rolled products, and specialty stainless and electrical steels that are sold in hot band, and sheet and strip form. Its operations also include AK Tube LLC (AK Tube), a wholly owned subsidiary of the Company, which further finishes flat-rolled carbon and stainless steel at two tube plants, one located in Ohio and one located in Indiana, into welded steel tubing used in the automotive, large truck and construction markets. In addition, the Company’s operations include European trading companies that buy and sell steel and steel products and other materials.
AK Holding’s flat-rolled carbon steel products are sold primarily to automotive manufacturers and to customers in the infrastructure and manufacturing markets. This includes electrical transmission, heating, ventilation and air conditioning, and appliances. The Company also sells 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, 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 markets. These products are sold to manufacturers of power transmission and distribution transformers, both for new and replacement installation. The Company sells its carbon products principally to customers in the United States. The Company’s electrical and stainless steel products are sold both domestically and internationally.
The Company owns its research building located on approximately 2,400 acres in Middletown, Ohio. It consists of a coke facility, blast furnace, basic oxygen furnaces and continuous caster for the production of carbon steel. Also located at the Middletown site are a hot rolling mill, cold rolling mill, two pickling lines, four annealing facilities, two temper mills and three coating lines for finishing the product. Steelmaking, finishing and tubing operations are conducted at nine facilities located in Indiana, Kentucky, Ohio and Pennsylvania. All of these facilities are owned by the Company, either directly or through wholly owned subsidiaries.
AK Holding’s Ashland works is located on approximately 600 acres in Ashland, Kentucky. It consists of a coke facility, blast furnace, basic oxygen furnaces and continuous caster for the production of carbon steel. The Company’s Rockport works is located on approximately 1,700 acres near Rockport, Indiana. The 1.7 million square-foot plant consists of cold rolling mill, hot-dip galvanizing and galvannealing line, carbon and stainless steel pickling line, stainless steel annealing and pickling line, hydrogen annealing facilities and a temper mill. Butler Works is situated on approximately 1,300 acres in Butler, Pennsylvania. The 3.5 million square-foot plant produces stainless steel, electrical and carbon steel.
The Company’s Coshocton works is located on approximately 650 acres in Coshocton, Ohio. The 570,000 square-foot stainless steel finishing plant consists of 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. Zanesville Works is located on 130 acres in Zanesville, Ohio. It consists of a 508,000 square-foot 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, box anneal and other decarburization and coating units. AK Tube’s Walbridge, Ohio, plant operates six electric resistance weld tube mills and two slitters housed in a 330,000 square foot facility. AK Tube’s Columbus, Indiana, plant is a 142,000 square-foot facility with eight electric resistance weld and two laser weld tube mills.
OVERALL
Beta: 2.60
Market Cap (Mil.): $1,799.29
Shares Outstanding (Mil.): 110.25
Annual Dividend: 0.20
Yield (%): 1.23
FINANCIALS
AKS Industry Sector
P/E (TTM): -- 66.76 25.53
EPS (TTM): -19,879.61 -- --
ROI: -3.68 2.15 17.76
ROE: -16.50 3.82 17.73
Name Age Since Current Position
Wainscott, James 54 2006 Chairman of the Board, President, Chief Executive Officer
Ferrara, Albert 62 2010 Chief Financial Officer, Senior Vice President - Finance
Horn, David 59 2010 Executive Vice President, General Counsel, Secretary
Kaloski, John 61 2010 Executive Vice President and Operating Officer
Howell, Keith 45 2010 Vice President - Carbon Steel Operations
Reich, Kirk 42 2010 Vice President - Specialty Steel Operations
Barlow, Gary 48 2010 Vice President - Sales and Customer Service
Zizzo, Lawrence 62 2004 Vice President - Human Resources
McCoy, Alan 59 1997 Vice President - Government and Public Relations
Newport, Roger 46 2010 Vice President - Business Planning & Development
Jenkins, Robert 68 2006 Lead Independent Director
Hill, Bonnie 69 1994 Independent Director
Thomson, James 66 1996 Independent Director
Abdoo, Richard 67 2001 Independent Director
Peterson, Shirley 70 2004 Independent Director
Gerber, William 57 2007 Independent Director
Brinzo, John 69 2007 Independent Director
Michael, Ralph 56 2007 Independent Director
Cuneo, Dennis 61 2008 Independent Director
COMPANY ADDRESS
AK Steel Holding Corp
9227 Centre Pointe Drive
West Chester OH 45069
AK Steel's main products are carbon, stainless and electrical steels, cold rolled and aluminium coated stainless steel for automakers.
One of Armco's best-known products may be the crash barriers installed around many auto-racing tracks, particularly in Formula One. These barriers are commonly called "Armco".
Another product is bent corrugated steel panels that can be bolted together to make culverts. These are known as "Armco culverts".
AK Steel Holding Corporation (AK Holding), incorporation in 1993, is a producer of flat-rolled carbon, stainless and electrical steels and tubular products through its wholly owned subsidiary, AK Steel Corporation (AK Steel). AK Holding’s operations consist of seven steelmaking and finishing plants located in Indiana, Kentucky, Ohio and Pennsylvania that produce flat-rolled carbon steels, including coated, cold-rolled and hot-rolled products, and specialty stainless and electrical steels that are sold in hot band, and sheet and strip form. Its operations also include AK Tube LLC (AK Tube), a wholly owned subsidiary of the Company, which further finishes flat-rolled carbon and stainless steel at two tube plants, one located in Ohio and one located in Indiana, into welded steel tubing used in the automotive, large truck and construction markets. In addition, the Company’s operations include European trading companies that buy and sell steel and steel products and other materials.
AK Holding’s flat-rolled carbon steel products are sold primarily to automotive manufacturers and to customers in the infrastructure and manufacturing markets. This includes electrical transmission, heating, ventilation and air conditioning, and appliances. The Company also sells 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, 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 markets. These products are sold to manufacturers of power transmission and distribution transformers, both for new and replacement installation. The Company sells its carbon products principally to customers in the United States. The Company’s electrical and stainless steel products are sold both domestically and internationally.
The Company owns its research building located on approximately 2,400 acres in Middletown, Ohio. It consists of a coke facility, blast furnace, basic oxygen furnaces and continuous caster for the production of carbon steel. Also located at the Middletown site are a hot rolling mill, cold rolling mill, two pickling lines, four annealing facilities, two temper mills and three coating lines for finishing the product. Steelmaking, finishing and tubing operations are conducted at nine facilities located in Indiana, Kentucky, Ohio and Pennsylvania. All of these facilities are owned by the Company, either directly or through wholly owned subsidiaries.
AK Holding’s Ashland works is located on approximately 600 acres in Ashland, Kentucky. It consists of a coke facility, blast furnace, basic oxygen furnaces and continuous caster for the production of carbon steel. The Company’s Rockport works is located on approximately 1,700 acres near Rockport, Indiana. The 1.7 million square-foot plant consists of cold rolling mill, hot-dip galvanizing and galvannealing line, carbon and stainless steel pickling line, stainless steel annealing and pickling line, hydrogen annealing facilities and a temper mill. Butler Works is situated on approximately 1,300 acres in Butler, Pennsylvania. The 3.5 million square-foot plant produces stainless steel, electrical and carbon steel.
The Company’s Coshocton works is located on approximately 650 acres in Coshocton, Ohio. The 570,000 square-foot stainless steel finishing plant consists of 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. Zanesville Works is located on 130 acres in Zanesville, Ohio. It consists of a 508,000 square-foot 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, box anneal and other decarburization and coating units. AK Tube’s Walbridge, Ohio, plant operates six electric resistance weld tube mills and two slitters housed in a 330,000 square foot facility. AK Tube’s Columbus, Indiana, plant is a 142,000 square-foot facility with eight electric resistance weld and two laser weld tube mills.
OVERALL
Beta: 2.60
Market Cap (Mil.): $1,799.29
Shares Outstanding (Mil.): 110.25
Annual Dividend: 0.20
Yield (%): 1.23
FINANCIALS
AKS Industry Sector
P/E (TTM): -- 66.76 25.53
EPS (TTM): -19,879.61 -- --
ROI: -3.68 2.15 17.76
ROE: -16.50 3.82 17.73
Name Age Since Current Position
Wainscott, James 54 2006 Chairman of the Board, President, Chief Executive Officer
Ferrara, Albert 62 2010 Chief Financial Officer, Senior Vice President - Finance
Horn, David 59 2010 Executive Vice President, General Counsel, Secretary
Kaloski, John 61 2010 Executive Vice President and Operating Officer
Howell, Keith 45 2010 Vice President - Carbon Steel Operations
Reich, Kirk 42 2010 Vice President - Specialty Steel Operations
Barlow, Gary 48 2010 Vice President - Sales and Customer Service
Zizzo, Lawrence 62 2004 Vice President - Human Resources
McCoy, Alan 59 1997 Vice President - Government and Public Relations
Newport, Roger 46 2010 Vice President - Business Planning & Development
Jenkins, Robert 68 2006 Lead Independent Director
Hill, Bonnie 69 1994 Independent Director
Thomson, James 66 1996 Independent Director
Abdoo, Richard 67 2001 Independent Director
Peterson, Shirley 70 2004 Independent Director
Gerber, William 57 2007 Independent Director
Brinzo, John 69 2007 Independent Director
Michael, Ralph 56 2007 Independent Director
Cuneo, Dennis 61 2008 Independent Director
COMPANY ADDRESS
AK Steel Holding Corp
9227 Centre Pointe Drive
West Chester OH 45069
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