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But the share price began to gain momentum after the U.S. Department of Commerce in March said it would raise taxes on imported cold-rolled steel - elminating some competition for the steel maker.
And it got an even bigger boost after Trump was elected as investors banked on his campign promise to fuel infrastructure spending and place tariffs on Chinese rivals.
The Fortune 500 company AK Steel Holding Corp. is headquartered in West Chester Twp. Between operations in West Chester and the Middletown Works steel plant, AK Steel employs approximately 2,400 full-time workers in Butler County, making it the county’s third-largest employer.
RELATED: AK Steel close to research, innovation center move-in
AK Steel facilities in Ohio, Kentucky, Indiana, Pennsylvania, Michigan and Minnesota employ more than 8,000 altogether and produce flat-rolled carbon, electrical and stainless steels used by the automotive, appliance, construction and manufacturing markets.
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