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AKS » Topics » Ashland Works Outage

This excerpt taken from the AKS 10-Q filed Nov 6, 2007.

Ashland Works Outage

The Company experienced an unplanned outage at its Ashland Works blast furnace late in the third quarter 2007 that continued into the fourth quarter 2007, during which time the Company also commenced work that was to be performed during a planned fourth quarter outage to perform routine maintenance. This outage now has been completed and the Company is well into the process of ramping-up the Ashland Works blast furnace to full and normal operation. Barring any presently unexpected recurrence of the problems that led to the unplanned portion of the outage, the Company believes that any lost steel production attributable to the outage will be substantially offset by the purchase of merchant slabs. The Company does not currently anticipate that this outage will have a material financial impact on its fourth quarter results, because it expects that the business interruption costs attributable to the outage, beyond the amounts reflected in the Company’s third quarter results, will be recovered through insurance.

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