Steel Mills
AK Steel CFO Jaime Vasquez to Retire
Written by Sandy Williams
November 6, 2019
AK Steel Chief Financial Officer Jaime Vasquez will retire from the company effective Nov. 30, 2019. Christopher Ross, current AK Steel Vice President and Treasurer, has been named interim CFO and Treasurer, effective Nov. 5.
“Jaime’s experience and financial focus have served the company well as we forged a new strategic path,” said CEO Roger Newport. “We wish him the best in the years ahead.”
Ross joined AK Steel in 1997 as a cost accountant at Middletown Works. Through the years he has progressed to numerous financial and strategic roles, including Cash Management since 2012 and Treasurer since 2016. He was named Vice President and Treasurer in January 2018.
“Chris’s financial acumen and vast experience in a number of financial and strategic roles within and outside the company is a real asset,” said Newport.
AK Steel also announced that Joseph C. Alter, Vice President, General Counsel, and Corporate Secretary, will take on responsibility for Purchasing, while Brian K. Bishop, Vice President Carbon Steel Operations, will assume responsibility for Information Technology.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Nippon won’t import slabs to US if U.S. Steel deal goes through
Nippon Steel has affirmed that if its $14.9-billion bid for U.S. Steel proves successful, the Japanese steelmaker will not import overseas-produced slabs to the US.
AISI: Raw steel production falls to 5-week low
Domestic raw steel mill production slipped to a five-week low last week, according to the latest figures released by the American Iron and Steel Institute (AISI). Weekly production is now at the third-lowest level recorded this year.
Nucor maintains HR price at $750/ton
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil was unchanged week on week (w/w) at $750 per short ton (st) on Monday, Nov. 18.
Mexican court orders sale of officially bankrupt AHMSA
After failing to reach agreements with its creditors, Altos Hornos de México (AHMSA) has been formally declared bankrupt by a Mexican bankruptcy court.
AISI: Raw steel production edges back up
Domestic raw steel production recovered last week, after slipping the week prior, according to the latest American Iron and Steel Institute (AISI) data. Weekly production remains at some of the lowest levels recorded this year.