AK Steel

"Armco" redirects here. For the steel traffic barrier, see Traffic barrier.
AK Steel Holdings Corporation
Company typePublic
NYSE: AKS
IndustrySteel
Founded1899; 125 years ago (1899) (as The American Rolling Mill Company - Armco)
DefunctMarch 13, 2020 (2020-03-13)
FateAcquired by Cleveland-Cliffs
HeadquartersWest Chester Township, Ohio, U.S.
Area served
Worldwide
Key people
Roger K. Newport (CEO)
Kirk W. Reich (president & COO)
James A. Thomson (chairman)
ProductsCarbon steel
Stainless steel
Electrical steel
Tubular products
Production output
5,596,200 tons
RevenueIncrease $6.818 billion (2018)[1]
Increase $384 million (2018)[1]
Increase $186 million (2018)[1]
Total assetsIncrease $4.515 billion (2018)[1]
Total equityIncrease $429 million (2018)[1]
Number of employees
9,500[1] (2018)
ParentCleveland-Cliffs
SubsidiariesAK Tube
AK Coal
Websitewww.aksteel.com
Footnotes / references
[2]
A February 1929 edition of the Armco bulletin
Armco Steel, Ohio, as photographed by Edward Weston

AK Steel Holdings Corporation was an American steelmaking company headquartered in West Chester Township, Ohio. The company, whose name was derived from the initials of Armco, its predecessor company, and Kawasaki Steel Corporation, was acquired by Cleveland-Cliffs in 2020.

AK Steel operated eight steel plants and two tube manufacturing plants in Ashland, Kentucky; Butler, Pennsylvania; Coshocton, Ohio; Dearborn, Michigan; Mansfield, Ohio; Middletown, Ohio; Rockport, Indiana;, and Zanesville, Ohio.[2] The company had manufacturing operations in the United States, Canada, and Mexico, and facilities in Western Europe. AK Steel produced flat-rolled carbon, stainless and electrical steel products, primarily for the automotive, infrastructure and manufacturing sectors, including electrical power, and distributors and converters markets. The company also provided carbon and stainless steel tubing products, die design and tooling, and hot- and cold-stamped components. Of AK Steel's 2018 sales, 63% went to the automotive industry, 15% to infrastructure and manufacturing industry and 22% to distributors and converters.[2]

The company was criticized for its record regarding pollution and worker safety.

In 2019, AK Steel was named GM Supplier of the Year for Non Fabricated Steel by General Motors for the second consecutive year.[3] AK Steel was also presented with a Smart Pillar Award from Ford, as a top-performing global supplier at the 21st annual Ford World Excellence Awards.[4]

  1. ^ a b c d e f "AK Steel Financials". Yahoo Finance. Retrieved 13 September 2019.
  2. ^ a b c "AK Steel Holding Corporation 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  3. ^ "AK Steel Recognized by General Motors as a 2018 Supplier of the Year Winner". 20 May 2019. Archived from the original on 7 June 2019. Retrieved 6 June 2019.
  4. ^ "Ford Honors AK Steel at 21st Annual World Excellence Awards". 29 May 2019. Archived from the original on 7 June 2019. Retrieved 6 June 2019.