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How AK Steel Plans to Use Its Cash in 2018

Mark O'Hara
Updated
How AK Steel Plans to Use Its Cash in 2018

During their 4Q17 earnings call, Roger Newport, AK Steel’s (AKS) CEO, noted that in 2017 the company “took actions to strengthen our balance sheet by refinancing $680 million of our debt. The company also outlined a long-term strategic plan under which it would work toward generating an economic profit, assuming its weighted average cost of capital of 10.5%. Under its transformation strategy (XME), among other targets, U.S. Steel Corporation (X) is also working to generate an economic profit.

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