Globe Newswire 30-May-2018 12:00 PM
WEST CHESTER, Ohio, May 30, 2018 (GLOBE NEWSWIRE) -- AK Steel (NYSE:AKS) announced the introduction of its new TRAN-COR® X high permeability grain oriented electrical steel (GOES) product family for use in high and ultra-high voltage power transformers. High permeability GOES products represent the most technologically-advanced and highest-efficiency electrical steels in the world.
AK Steel is the only manufacturer of GOES products in North America, which it sells to customers in the U.S. and around the globe. The new TRAN-COR X electrical steel represents an important step improvement beyond the company's current, world class TRAN-COR® H product. This will help power transformer manufacturers design to higher levels of efficiency while reducing greenhouse gas emissions due to energy loss in electricity transmission and distribution.
"AK Steel is excited to introduce this new family of high permeability grain oriented electrical steel, which represents one of the highest efficiency products available in the world," said Roger Newport, Chief Executive Officer of AK Steel. "This product enables our customers to improve the overall energy efficiency of the transformers they produce."
TRAN-COR X provides transformer manufacturers a significant improvement in efficiency over conventional high permeability GOES at the same thickness. This avoids the use of harder to process thinner steels and allows transformer manufacturers to maintain production efficiencies while still improving transformer performance.
AK Steel is a leading producer of flat-rolled carbon, stainless and electrical steel products, primarily for the automotive, infrastructure and manufacturing, electrical power generation and distribution markets. Through its subsidiaries, the company also provides customer solutions with carbon and stainless steel tubing products, die design and tooling, and hot- and cold-stamped components. Headquartered in West Chester, Ohio (Greater Cincinnati), the company has approximately 9,200 employees at manufacturing operations in the United States, as well as in Canada and Mexico. Additional information about AK Steel is available at www.aksteel.com.
Media – Lisa H. Jester, Corporate Manager, Communications and Public Relations (513) 425-2510
Investors – Douglas O. Mitterholzer, General Manager, Investor Relations (513) 425-5215
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