AK Steel enters into scrap deal with Tube City

AK Steel enters into scrap deal with Tube City

AK Steel has entered into an agreement with Tube City LLC for the purchase of ferrous scrap for use at the company's steelmaking facilities. Tube City will negotiate the majority of carbon scrap and pig iron purchases for AK Steel plants in Ashland, Kentucky; Butler, Pennsylvania; and Mansfield and Middletown, Ohio. Tube city will also be responsible for scheduling, logistics, and quality assurance related to ferrous scrap for the AK Steel plants. James L. Wainscott, president and CEO of AK Steel said, “We look forward to working with Tube City as a strategic partner to help us improve costs, quality and reliability as related to our scrap requirements.” Pennsylvania's Tube City is a full service organization providing raw materials and services to the steel industry. Tube City helps mills and foundries realize the optimum value from scrap recycling. AK Steel produces flat-rolled carbon, stainless and electrical steels, as well as tubular steel products for the automotive, appliance, construction and manufacturing markets.