Steel Mills
April 26, 2016
AK Ashland Furnace Will Not Restart Anytime Soon
Written by Sandy Williams
AK Steel announced earnings on Tuesday and the big question in everyone’s mind was if AK Steel Ashland would be restarted. The answer is no, not at this time. CEO Roger Newport said the company does not want to get “hung up in the short term volatility” in the marketplace. AK Steel will be looking at supply-demand conditions domestically and globally, as well as input pricing.
“That’s what we have to be focused on, are we going to get a return on making steel? And I don’t want to just be making steel, to be selling steel. I want to make sure that we’re doing it and making a return for all of our investors. So right now the conditions haven’t changed that would have us change our mind at this point.”
