WEST CHESTER, Ohio (AP) — AK Steel said Tuesday that a furnace at its Butler, Pa., facility was damage last Friday when molten steel breached the furnace shell.
Steel production at the plant resumed Saturday using other electric furnaces at the plant. Workers have begun repairing the furnace, but the company said it doesn't yet have a cost estimate for the repairs, or a completion date.
AK Steel said it doesn't expect any impact to customer shipments from the incident. The company performs electrical and stainless steel melting and casting, hot and cold rolling and finishing operations at its 1,300-acre Butler facility, which is an hour north of Pittsburgh.
AK Steel Holding Corp. shares rose 2.4 percent, or 39 cents, to close at $16.37.