AK considers annealing line for auto steels

Apr 23, 2014 | 10:53 AM | Michael Cowden

Tags  AK Steel, James L. Wainscott, continuous annealing, automotive, high-strength steel, material substitution, aluminum, fuel economy lightweighting

CHICAGO — AK Steel Corp. is considering investing in or forming a partnership to give it continuous annealing capacity to meet automotive demand for next-generation high-strength steels.

The West Chester, Ohio-based steelmaker has not yet invested in a continuous annealing line but the issue is a "big deal" for the company, chairman, president and chief executive officer James L. Wainscott said during a conference call with analysts April 22. "We are evaluating—supply and demand—whether we can make the economics make sense and whether we could do it alone or with a partner. We are on it, and we are looking at it in very direct and concerted fashion."....

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