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Eastern Railroad Discussion > AK Steel sold - May restart Ashland Ky furnace.Date: 12/03/19 16:54 AK Steel sold - May restart Ashland Ky furnace. Author: howeld Cleveland-Cliffs buys AK Steel. Bigger news is a possible restart of the Ashland, Ky blast furnace as part of this deal. Ashland is served by CSX (and the Ohio river if CSX doesn’t want the traffic).
https://www.dailyindependent.com/news/update-on-cleveland-cliffs-ak-merger-ashland-works-furnace-restart/article_69b47cd2-15c8-11ea-a239-a768257df437.html Posted from iPhone Date: 12/03/19 17:36 Re: AK Steel sold - May restart Ashland Ky furnace. Author: callum_out What is amazing is that the AK market cap was under $1B, USX is only a little over $2.2B but Nucor is
the king at over $17B. Out Date: 12/04/19 06:32 Re: AK Steel sold - May restart Ashland Ky furnace. Author: bluesboyst This is good news for that area. Why wouldn't CSX want that business..They can't be that stupid!!!!!
Date: 12/04/19 12:05 Re: AK Steel sold - May restart Ashland Ky furnace. Author: abyler rantoul Wrote:
------------------------------------------------------- > Buying a company and opening a mill 'to avoid > shutdown costs' is not very compelling...buying a > company and opening a mill 'to meet demand' would > be compelling. Just another corporate shuffle. There's plenty of demand if the price is right. At least 30 million tons of steel imports that can be replaced with domestic production. |