Steel Mills
January 29, 2019
AK Steel Celebrates Strong 2018
Written by Sandy Williams
The big news for AK Steel this week was the closing of Ashland Works, but the company also posted remarkable financial results for full-year 2018.
Sales in 2018 increased 12 percent to $6,818.2 million, generating net income of $186.0 million, a 25 percent increase from 2017. Increased sales were driven by higher carbon steel pricing during the year. Adjusted EBITDA of $563 million for the full year was AK Steel ‘s best year in a decade. Shipments in 2018 totaled 5,683,400 tons.
