Latrobe Specialty Steel’s VIM-VAR expansion earned the company American Metal Market’s inaugural Award for Excellence for Best Operational Improvement. Latrobe Specialty Steel partnered with Consarc and Continental Design and Management Group to complete the project, which included installation of a large 30-ton vacuum induction melting furnace and several vacuum arc remelting furnaces. The expansion allowed the company to triple its capacity for vacuum-melted steel.
AK Steel was named “Steel Producer of the Year” by AAM, reflecting the company’s ability to provide exceptional service and an uninterrupted supply of value-added steel products to customers throughout the recession. AK Steel was also honored for “Best Turnaround of the Decade,” reflecting the financial transformation the company underwent starting in the fall of 2003.