AK Steel Holding Corp

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  • Jul. 21, 2014, 3:35 AM
    • Severstal has announced that it will sell two of its North American steel plants to Steel Dynamics (NASDAQ:STLD) and AK Steel (NYSE:AKS) for $2.3B.
    • The Russian steelmaker is attempting to rid its international assets to cut costs.
    • Since last year, the company has been looking to sell the two plants, and the sale is not tied to the tensions over the Ukrainian crisis.
    • Severstal reported EBITDA of $2B in 2013 - a 4% drop from 2012.
    | Jul. 21, 2014, 3:35 AM
Company Description
AK Steel Holding Corp through its subsidiary is engaged in producing flat-rolled carbon, stainless and electrical steels, and tubular products.
Industry: Steel & Iron
Country: United States