Automotive

AK Steel Corporation

Company Profile Analysis

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AK Steel Corporation - Automotive showcase

Year Founded & Workforce

1992-12-31

9,500 Employees

Industry

AutomotiveB2BB2C

Services

A

AK Steel Corporation Overview

Company Headquarters: US

Founded: 1993

Workforce: ~9,500

Company Working:

AK Steel Corporation manufactures flat-rolled carbon, stainless, and electrical steel products. It operates through three segments, namely, automotive, infrastructure and manufacturing, and distributors and converters. The company offers plain carbon ERW tubes under its automotive segment. The ERW carbon steel tubing products are offered for various applications, such as air conditioning, automotive, construction, form equipment/agriculture, heating, and irrigation. The automotive segment covers the manufacturing of high steel products for light and heavy commercial vehicles and electric vehicles. It manufactures advanced tubular products for automotive and other applications using carbon and stainless steel through its subsidiary, AK Tube LLC.

The company has major business operations in North America and Europe. It sells carbon steel products primarily to customers in North America.

Strategy

AK Steel Corporation is transforming operations related to the automotive industry to improve its competitive position in the market significantly. It is focusing on automotive market to increase the variants of steel ERW tubes to meet the need for light and safer vehicles. The company is working on developing innovative steel solutions and improving its existing products to reduce its carbon footprint in the automotive industry. It is concentrating on increasing investments in research and development to comply with the automotive industry standards in North America and Europe. The company is providing tubular solutions that ensure enhanced heat resistance in vehicle exhaust systems, enabling exhaust systems to handle the higher engine exhaust temperatures needed for an increased fuel economy.

Company Snapshot

$5,882.5M

Revenue

9,500

Employees

1992-12-31

Founded

US

Headquarters

SWOT Analysis

Strengths

  • Strong distribution network
  • Focus on research and development to develop advanced technology and material combinations.

Weaknesses

  • Overdependent on the US region

Opportunities

  • Expansion in untapped market
  • Strategic merger and acquisition with automotive OEMs and Aftermarket suppliers

Threats

  • Risks associated with changes in tax laws and regulations

Product Offering

  • AK Steel Corporation
    • Body and structure
    • Exhaust system

Financial Performance

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About the Author

Wantstats Research Team

Wantstats' research desk profiles AK Steel Corporation as part of our ongoing coverage of the Automotive sector, drawing on public company data, filings, and market intelligence.

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Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

AK Steel Corporation

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