AK Steel Holding Corporation shares lost 6.54% last week. Since the beginning of the year, the shares of the metallurgical company have plunged 55.38 percent.
Low steel prices and a high level of competition with imported rolled metal products forced the company to begin mass layoffs and shutdown of part of its metallurgical facilities.
The company plans to shut down a blast furnace at its Kentucky plant in December this year and lay off nearly 1,000 employees.
The only profitable production in the states was the production of sheet steel for the automotive industry and the production of cold rolled coated steel.
AK Steel did not disclose the details of its plan to cut costs, but states that the shutdown of part of the metallurgical production will last at least six months.
+38 (098) 875-40-48
|
|
|
Subscribe to news 
Metallurgy news
- 06 July 2025
23:00 In Cherepovets, a jubilee spartakiad began for the Cup General! 22:00 With the support of Severstal in Cherepovets and Vologda, the festival of young Voices festival was held for the 12th time and gathered over 5 thousand spectators 15:00 This schedule shows the ratio of gold to silver since 1869 - 05 July 2025
14:00 Who to give a promotion? - 04 July 2025
17:00 On the situation in the market of operators and in general in the railway transport market market 16:00 1.8 trillion rubles. Dividends received the TOP 50 billionaires of the Russian Federation for 2024 14:00 The EU is reviewing anti -dumping duties for imports Ferrosilization from the Russian Federation and China 14:00 On the eve of the recently celebrated Inventor and Innovator's Day, a "Fresh Idea" promotion was held at MMK
Publications
03.07 02.07 How to choose furniture in the hallway: secrets of comfort and amenities at the very beginning of your home 30.06 The choice of summer rubber 01.07 Half -dimensional naivni pidlog: 01.07 Aerated concrete blocks from the company ceramic fest
