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...electrical steels. sells hot- and cold-rolled carbon steel to construction companies, independent steel distributors and service centers, and automotive and industrial machinery producers. AK Steel also sells cold-rolled and aluminum-coated stainless steel to automakers. The company produces electrical steels (iron-silicon alloys with unique magnetic properties) for makers of power transmission and distribution equipment. In addition, AK Steel makes carbon and stainless steel tubular products. Sales to automakers make up nearly half of AK Steel's business.
Shares were up 3% after fourth-quarter profits nearly tripled.
BellwetherReport.com is a leading online research firm for international investors looking to get an edge over their portfolio. Investors seeking the most up to date information on AK Steel Holding Corp are invited to sign up...
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