AK aims to rev up iron ore output, reduce coal mining

Apr 22, 2014 | 03:55 PM | Michael Cowden

Tags  AK Steel Corp, Construction of the Magnetation LLC, James L. Wainscott, Michael Cowden, iron ore pellet production, mining, steel

CHICAGO — AK Steel Corp. is looking to ramp up in-house iron ore pellet production as it scales back plans to boost coal mining because of low prices.

Construction of the Magnetation LLC iron ore pellet plant in Reynolds, Ind., should be completed by the late third quarter or early fourth quarter, with the facility expected to be in full production by 2015, AK Steel chairman, president and chief executive officer James L. Wainscott said during a conference call with analysts April 22.

“After a very long, cold winter, spring has arrived in the Midwest and, with it, Magnetation’s pellet plant is literally springing to life,” Wainscott said.....

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