American Rolling Mills
 |
|
| Public company | |
| Traded as | : AKS S&P 600 component |
| Industry | Steel |
| Founded | 1899 (as The American Rolling Mill Company - Armco) |
| Headquarters | West Chester Township, Butler County, Ohio, United States |
|
Area served
|
Worldwide |
|
Key people
|
Roger K. Newport, CEO Kirk W. Reich, President & COO James A. Thomson, Chairman |
| Products |
Carbon steel Stainless steel Electrical steel Tubular products |
|
Production output
|
6,051,000 tons |
| Revenue |
 $5.882 billion (2016) |
 $0.230 billion (2016) |
|
|
-$0.007 billion (2016) |
|
| Total assets |
$4.036 billion (2016) |
| Total equity |
$0.090 billion (2016) |
|
Number of employees
|
8,500 (2016) |
| Subsidiaries | AK Tube AK Coal |
| Website | www |
AK Steel Holding Corporation is a steelmaking company headquartered in West Chester Township, Butler County, Ohio. The company's name is derived from the initials of Armco, its predecessor company, and Kawasaki Steel Corporation, which contributed several of its production facilities to the company in 1989 in exchange for a large stake in the company.
The company has been criticized for its record regarding pollution and worker safety.
The company operates 8 steel plants and 2 tube manufacturing plants. The steel plants are in Ashland, Kentucky, Butler, Pennsylvania, Coshocton, Ohio, Dearborn, Michigan, Mansfield, Ohio, Middletown, Ohio, Rockport, Indiana, and Zanesville, Ohio.
Of the company's 2016 sales, 66% was to the automotive industry, 16% was to infrastructure and manufacturing industry, and 18% was to distributors and converters.
AK Steel is a producer of flat-rolled carbon, stainless and electrical steel products, and carbon and stainless tubular products, primarily for automotive, infrastructure and manufacturing, electrical power generation and distribution markets.
The company was founded in 1899 as The American Rolling Mill Company (Armco) in Middletown, Ohio, where it operated a production facility.
In 1922, it opened a second production facility, Ashland Works in Ashland, Kentucky.
During the late 1970s and 1980s, corporate finances and business declined, as with much of the US steel industry, and Armco faced several pollution and obsolescence/international competition issues, which resulted in a general decline of workforce size and profitability and closure of several older facilities.
In 1971, Armco Steel purchased Kansas City-based engineering firm Burns & McDonnell; however, in 1985, employees of Burns & McDonnell secured a loan to buy the company from Armco.
...
Wikipedia