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AK Steel

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AK Steel

AK Steel Holdings Corporation was an American steelmaking company headquartered in West Chester Township, Ohio. Its name was derived from the initials of Armco, its predecessor company, and Kawasaki Steel Corporation. The company was eventually acquired by Cleveland-Cliffs in 2020.

AK Steel operated eight steel plants and two tube manufacturing plants in Ashland, Kentucky; Butler, Pennsylvania; Coshocton, Ohio; Dearborn, Michigan; Mansfield, Ohio; Middletown, Ohio; Rockport, Indiana;, and Zanesville, Ohio. The company had manufacturing operations in the United States, Canada, and Mexico, and facilities in Western Europe. AK Steel produced flat-rolled carbon, stainless and electrical steel products, primarily for the automotive, infrastructure and manufacturing sectors, including electrical power, and distributors and converters markets. The company also provided carbon and stainless steel tubing products, die design and tooling, and hot- and cold-stamped components. Of AK Steel's 2018 sales, 63% went to the automotive industry, 15% to infrastructure and manufacturing industry and 22% to distributors and converters.

The company was criticized for its record regarding pollution and worker safety.

In 2019, AK Steel was named GM Supplier of the Year for Non Fabricated Steel by General Motors for the second consecutive year. AK Steel was also presented with a Smart Pillar Award from Ford, as a top-performing global supplier at the 21st annual Ford World Excellence Awards.

The company was founded in 1899 as The American Rolling Mill Company (ARMCO) in Middletown, Ohio, where it operated a production facility. George Matthew Verity (1865–1942) was a founder and its first president.

In 1914, the company began publishing the monthly ARMCO bulletin "to facilitate an interchange of thought and suggestion, and to create a better understanding of the activities and problems of the Operating Department employees."

In 1922, it opened a second production facility, Ashland Works in Ashland, Kentucky.

In 1956 the company took over American Bantam Car Company, the original creator and manufacturer of the World War II Jeep. American Bantam switched to producing trailers after losing the Jeep contract to Willys-Overland.

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