By: 1812Blockhouse Staff
The website Industrial Info Resources is reported that a local mill will soon be reopening.
According to the article, which can be accessed here, AK Steel will restart operations at its Mansfield stainless steel mill.
In April, we shared news of a reported idling of the mill by owner Cleveland Cliffs due to decreased sales, which subsequently took place.
As we shared near the start of the month, the AK Steel mill in Mansfield was idled on April 4 on an extended outage.
The mill’s parent company, Cleveland Cliffs, Inc., shared an update on its total operations on Wednesday that includes the impact of COVID-19, cost cutting measures it has undertaken, and preliminary first quarter 2020 results:
In a story published on Wednesday, Argus Media reported that AK Steel is planning to idle its flat-rolled stainless steel mill in Mansfield effective April 4.
The post cites a representative of owner Cleveland-Cliffs, who shared that the decision was tied to the current conditions in the automobile industry. American car manufacturers are experencing sharp sales declines given the impact of the cornavirus health crisis at the same time that factories have temporarily ceased production. More…
This past week, AK Steel reported its financial results for the first quarter of 2018.
First Quarter 2018 Highlights
Late last week, Harsco Corporation announced that its Metals & Minerals division has expanded its business relationship with AK Steel, a leading U.S. producer of flat-rolled steel products. The agreement calls for the use of Harsco’s innovative ScrapMaster™ program for scrap management services including inbound scrap handling and inspection, basket preparation and hauling, and delivery route maintenance at AK Steel’s Mansfield site. More…