AK Steel Recognized for 2007 Stock Performance
01/08/2008 - CNNMoney.com names AK Steel Holding as one of the ten best performing Fortune 500 stocks for 2007, noting the company’s "solid 174% increase in stock performance" in 2007.
CNNMoney.com has named AK Steel Holding as one of the ten best performing Fortune 500 stocks for 2007, noting the company’s "solid 174% increase in stock performance" in 2007.
"During 2007, we 'put the pedal to the metal,' shifting into a higher gear to accelerate our company's growth and performance," said James L. Wainscott, Chairman, President and CEO of AK Steel.
AK Steel’s 2007 stock performance—which was ranked by CNNMoney.com as the second-best return to investors among Fortune 500 companies—follows a 113% increase that was recorded for the previous year (2006). In its annual ranking of America's largest corporations last April, Fortune magazine described AK Steel’s 2007 performance as "stellar". AK Steel is currently number 378 on the Fortune 500 list of America's largest corporations, ranked according to revenue.
Over the past four years, AK Steel has increased shareholder value by about 2000%. "We are very pleased that our continuing progress has been reflected in increased value for AK Steel's shareholders," said Wainscott.
AK Steel produces flat-rolled carbon, stainless and electrical steel products, as well as carbon and stainless tubular steel products, for automotive, appliance, construction and manufacturing markets.
