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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.
The company announced on August 15, 2017, that it was returning to its former brand name, Cleveland-Cliffs Inc. [28] In August 2018, the company sold its Asia Pacific iron ore assets. [29] It also sold its Australian assets. [30] On March 13, 2020, the company acquired AK Steel Holding for $1.1 billion.
AK Steel Holding Corporation (NYSE: AKS ) has entered into a definitive merger agreement with Cleveland-Cliffs Inc (NYSE: CLF ), in which the latter will acquire all the shares of the steelmaker.
The fourth quarter of last year looked like a breakthrough for AK Steel , as the company finally returned to profitability. However, AK Steel's first quarter guidance has recently revealed that ...
Margins matter. The more AK Steel (NYS: AKS) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders.
AK Steel reported fourth-quarter and full-year 2012 results that included an adjusted loss of $0.30 a share. That loss wasn't as bad as the street was expecting -- the company's revenue met ...
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