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Wed, Dec 12, 2018, 0:46:44 ---- The fact: 38.682.000 visitors done.

AK Completes Sawhill Tubular Division Sale
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Company: TubeNet, UK
Attn: TubeNet Editor

AK Steel completed the sale of its Sawhill Tubular Div. (Sawhill) to John Maneely Co., Collingswood, N.J. As a result of the sale, AK Steel expects to realize net cash proceeds of approximately $50 million in the second quarter. The company expects to record a negative impact to second quarter earnings of approximately $0.06 per diluted share of stock as a result of the sale of Sawhill.

Sawhill manufactures continuous weld, electric resistance weld, seamless and mechanical tube and pipe products in diameters up to six inches. End uses for those products include construction, manufacturing, transportation, fire suppression and conveyor systems.


    
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