AK execs see electrical steel turnaround

Jul 29, 2014 | 04:25 PM | Rey Mashayekhi

Tags  AK Steel, James Wainscott, steel, electrical steel, grain-oriented electrical steel, GOES, non-oriented electrical steel, NOES Commerce Department

NEW YORK — AK Steel Corp. believes that "after a multi-year decline, the tide is beginning to turn" for the global electrical steel market.

A recovering commercial construction market and housing starts that "are expected to exceed 1 million in 2014" for the first time in seven years have contributed to an "improved domestic picture" for AK Steel’s grain-oriented electrical steel (GOES) business, company executives said during an earnings conference call July 29.....

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