AK Steel is a company producing flat-rolled carbon, stainless, and electrical steel products, primarily for the automotive, infrastructure and manufacturing, electrical power generation, and distribution markets. The company also provides customer solutions through carbon and stainless steel tubing products, die design and tooling, and hot and cold stamping.

Employee Rating

3.5More
TypeSubsidiary
Parent CompanyCleveland-Cliffs
HQWest Chester, OH, US
Founded1899
Websiteaksteel.com
Cybersecurity ratingAMore
AK Steel was founded in 1899 and is headquartered in West Chester, OH, US

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Key People/Management at AK Steel

Roger K. Newport

Roger K. Newport

Chief Executive Officer
Brian K. Bishop

Brian K. Bishop

Senior Vice President of Sales
Douglas O. Mitterholzer

Douglas O. Mitterholzer

General Manager, Investor Relations and Assistant Treasurer
Renee S. Filiatraut

Renee S. Filiatraut

Vice President, Litigation, Labor and External Affairs
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AK Steel Office Locations

AK Steel has offices in West Chester, Ashland, Dearborn, Lyndora and in 10 other locations
West Chester, OH, US (HQ)
9227 Centre Pointe Dr
Ashland, KY, US
US-23
Dearborn, MI, US
14661 Rotunda Dr
Lyndora, PA, US
1 Armco Dr
Mansfield, OH, US
913 Bowman St
Middletown, OH, US
1801 Crawford St
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AK Steel Financials and Metrics

Summary Metrics

Founding Date

1899
AK Steel is a subsidiary of Cleveland-Cliffs

AK Steel Revenue

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View revenue for all periods
AK Steel's revenue was reported to be $6.36 b in FY, 2019 which is a 6.7% decrease from the previous period.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

6.1b6.8b6.4b

Revenue growth, %

3%12%(7%)

Cost of goods sold

5.4b5.9b5.6b

Gross profit

720.8m907.2m753.1m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

1.5b1.6b1.5b1.7b1.7b1.7b1.7b1.7b1.5b

Cost of goods sold

1.3b1.3b1.3b1.5b1.5b1.5b1.5b1.4b1.4b

Gross profit

222.6m213.5m147.3m195.2m233.9m249.4m232.3m231.5m169.5m

Gross profit Margin, %

15%14%10%12%13%14%14%14%11%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

38.0m48.6m31.0m

Accounts Receivable

517.8m635.8m577.9m

Inventories

1.1b1.4b1.3b

Current Assets

1.8b2.2b2.0b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

185.7m136.3m69.3m44.5m46.0m47.3m41.2m42.2m30.8m

Accounts Receivable

524.5m530.9m563.4m619.8m653.0m700.7m720.6m675.2m624.4m

Inventories

1.1b1.1b1.2b1.3b1.3b1.3b1.4b1.4b1.4b

Current Assets

1.9b1.9b1.9b2.1b2.1b2.2b2.2b2.2b2.1b
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

67.6m244.1m63.0m

Depreciation and Amortization

250.1m252.2m225.3m

Inventories

1.8m(34.8m)73.7m

Accounts Payable

46.2m119.6m(172.8m)
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

78.7m155.1m166.4m44.8m117.1m202.0m8.1m88.0m107.9m

Depreciation and Amortization

62.3m121.9m186.1m54.9m127.1m189.3m60.5m117.5m173.1m

Cash From Operating Activities

36.3m203.2m154.0m65.6m187.4m249.9m(7.9m)136.2m192.5m

Purchases of PP&E

(32.5m)(52.1m)(88.7m)(37.9m)(64.0m)(101.1m)(44.8m)(82.4m)(135.8m)
USDQ1, 2017

Debt/Equity

22 x

Debt/Assets

0.7 x

Financial Leverage

30.4 x
Show all financial metrics

AK Steel Operating Metrics

FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Flat-Rolled Steel Selling Price per Ton

1.04 k9299551.02 k1.09 k1.08 k

Flat-Rolled Steel Shipments, tons

6.01 m6.97 m5.94 m5.6 m5.68 m5.34 m
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AK Steel Acquisitions / Subsidiaries

Company NameDateDeal Size
Precision PartnersJuly 03, 2017$360 m
Severstal DearbornJuly 21, 2014$707 m
ArmcoMay 22, 1999

AK Steel Revenue Breakdown

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AK Steel revenue breakdown by business segment: 65.2% from Carbon Steel, 25.4% from Stainless and Electrical and 9.4% from Tubular, Components and Other

AK Steel Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

SecurityScorecard logo

AK Steel Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

AK Steel Online and Social Media Presence

Embed Graph

AK Steel Company Culture

  • Overall Culture

    A+

    90/100

  • CEO Rating

    A+

    90/100

  • Compensation

    A+

    100/100

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AK Steel News and Updates

Corrosion Resistant Stainless Steel Market to enjoy ‘explosive growth’ | Paskal, Atlas Steels, AK Steel

Stay up to date with Corrosion Resistant Stainless Steel Market research offered by HTF MI. Check how key trends and emerging drivers are shaping this industry growth. Posted via Industry Today. Follow us on Twitter @IndustryToday

AK Steel Announces Fourth Quarter and Full-Year 2019 Financial Results

WEST CHESTER, Ohio, Feb. 20, 2020 (GLOBE NEWSWIRE) -- AK Steel (NYSE: AKS) today reported its financial results for the fourth quarter and full-year 2019.

AK Steel Announces Fourth Quarter and Full-Year 2019 Financial Release Date

WEST CHESTER, Ohio, Jan. 15, 2020 (GLOBE NEWSWIRE) -- AK Steel (NYSE: AKS) said today that it plans to release its fourth quarter and full-year 2019 financial results before the open of trading on the New York Stock Exchange on Thursday, February 27, 2020.

SHAREHOLDER ALERT: WeissLaw LLP Investigates AK Steel Holding Corporation

NEW YORK, Dec. 5, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors (the "Board") of AK Steel Holding Corporation ("AK Steel" or the "Company") (NYSE:AKS) in connection with the proposed merger of...

(AKS) Alert: Johnson Fistel Investigates Proposed Sale of AK Steel Holding Corporation; Are Shareholders Getting a Fair Deal?

SAN DIEGO, Dec. 3, 2019 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of AK Steel Holding Corporation (NYSE: AKS) ("AK Steel") breached their fiduciary duties in connection with the proposed sale of the Company...
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AK Steel Blogs

Cleveland-Cliffs Inc. Completes Acquisition of ArcelorMittal USA

Cleveland-Cliffs Inc. Completes Acquisition of ArcelorMittal USA December 09, 2020 Cleveland-…

Cleveland-Cliffs Inc. Announces Change to a Virtual Meeting Format for 2020 Annual Meeting of Shareholders

CLEVELAND, OH – March 31, 2020 – Cleveland-Cliffs Inc. (NYSE: CLF) (the “Company”) today announced a change in the format of its 2020 Annual Meeting of Shareholders (the “Annual Meeting”) from in-person to virtual-only. Due to the emerging public health impact of the coronavirus pandemic (COVID-19)

Cleveland-Cliffs Commits Support to Food Banks Across its Local Communities

CLEVELAND – March 26, 2020 – Cleveland-Cliffs Inc. (NYSE: CLF) announced today that its philanthropic organizations, the Cleveland-Cliffs Foundation and the AK Steel Foundation, has made a total of $55,000 in commitments to food banks in multiple communities where the Company operates.

Cleveland-Cliffs Commends the State of Ohio for Recognizing Essential Businesses and Operations Under its Stay at Home Order

CLEVELAND – March 22, 2020 – Cleveland-Cliffs Inc. (NYSE: CLF) stated today that it commends Governor Dewine and his administration for their strong leadership and decisive action to implement the ‘stay at home or place of residence’ order for the preservation of public health across the State of

Cleveland-Cliffs Inc. and AK Steel Holding Corporation Announce Successful Results of Early Participation in Tender Offers and Consent Solicitations

Cleveland-Cliffs Inc. and AK Steel Holding Corporation Announce Successful Results of Early Participation in Tender Offers and Consent Solicitations jo-en.bautista… Tue, 03/10/2020 - 19:23 Cleveland-Cliffs Inc. and AK Steel Holding Corporation Announce Successful Results of Early Participa…

Cleveland-Cliffs and AK Steel Announce Shareholder Approvals of Merger Agreement

Cleveland-Cliffs and AK Steel Announce Shareholder Approvals of Merger Agreement Content Import Tue, 03/10/2020 - 11:56 Cleveland-Cliffs and AK Steel Announce Shareholder Approvals of Merger Agreement March 10, 2020 This release is a backfill from a News Wire …
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AK Steel Frequently Asked Questions

  • When was AK Steel founded?

    AK Steel was founded in 1899.

  • Who are AK Steel key executives?

    AK Steel's key executives are Roger K. Newport, Brian K. Bishop and Douglas O. Mitterholzer.

  • How many employees does AK Steel have?

    AK Steel has 9,300 employees.

  • What is AK Steel revenue?

    Latest AK Steel annual revenue is $6.4 b.

  • What is AK Steel revenue per employee?

    Latest AK Steel revenue per employee is $683.8 k.

  • Who are AK Steel competitors?

    Competitors of AK Steel include SPS Technologies, British Steel and Jemison Metals.

  • Where is AK Steel headquarters?

    AK Steel headquarters is located at 9227 Centre Pointe Dr, West Chester.

  • Where are AK Steel offices?

    AK Steel has offices in West Chester, Ashland, Dearborn, Lyndora and in 10 other locations.

  • How many offices does AK Steel have?

    AK Steel has 15 offices.