AK Steel Corporation, founded in 1900 and headquartered in West Chester Township, Ohio, is a leading producer of flat-rolled carbon, stainless, and electrical steel products for automotive, infrastructure, and other industrial applications. The company is committed to innovating and providing high-quality steel solutions that meet the evolving needs of its diverse customer base.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| AKS 7.00% 2027-03-15 USDAK Steel Corporation | United States | 2027-03-15 | 7.000 | 6.76 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
AK Steel has a notable history in the bond market, having issued its first bonds in the 1990s to support expansion efforts. The company made headlines with its $1 billion offering in 2017, which was primarily aimed at refinancing existing debt and funding capital expenditures. Current yields on AK Steel bonds reflect a competitive position in the industry, although they are influenced by overall market conditions and the company's financial health. In recent news, the firm has faced challenges related to economic fluctuations and has been working on optimizing its capital structure to strengthen its bond offerings.