NEW YORK AK Steel Corp.
subsidiary AK Coal Resources Inc. expects to receive permits to
develop an underground coal mine in Pennsylvania in the second
quarter of this year.
The mine is expected to start
producing significant amounts of coal in 2014 and meet about 50
percent of West Chester, Ohio-based AK Steels annual
metallurgical coal needs by 2015.
Once the mine is fully
operational, it is expected to produce about 1 million tons of
low-volatility metallurgical coal annually.
"By becoming more vertically
integrated with regard to coal and iron ore, AK Steel will gain
greater control over its cost structure, enhance its raw
materials self-sufficiency and benefit from a financial hedge
against global market price increases for those critical
steelmaking inputs," AK Steel director of government and public
relations Barry Racey told AMM sister publication
A version of this article
was first published by AMM sister publication Steel