| Business Summary | | Kentucky
Electric
Steel,
Inc.
owns
and
operates
a
steel
mini-mill
near
Ashland,
Kentucky.
As
a
mini-mill
producer
of
bar
flats,
the
Company
recycles
steel
from
scrap,
a
process
designed
to
result
in
lower
production
costs
than
those
of
integrated
steel
mills,
which
produce
steel
by
processing
iron
ore
and
other
raw
materials
in
blast
furnaces.
Bar
flats
are
produced
to
a
variety
of
specifications
and
fall
primarily
into
two
general
quality
levels,
merchant
bar
quality
steel
bar
flats
for
generic
types
of
applications
and
special
bar
quality
steel
bar
flats,
where
more
precise
customer
specifications
require
the
use
of
various
alloys,
customized
equipment
and
special
production
procedures
to
insure
that
the
finished
product
meets
critical
end
use
performance
characteristics. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Kentucky
Electric
Steel
owns
and
operates
a
steel
mini-mill
to
manufacture
special
bar
quality
alloy
and
carbon
steel
bar
flats
to
precise
customer
specifications
for
sale
in
a
variety
of
markets.
For
the
39
weeks
ended
6/01,
revenues
decreased
37%
to
$56
million.
Net
loss
totalled
$4
million
vs.
an
income
of
$662
thousand.
Results
reflect
decreased
tons
shipped
and
lower
average
selling
prices,
along
with
an
increase
in
S/G/A
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Charles Hanebuth, 56 Pres
and CEO | $521K | William Jessie, 50 CFO,
VP, Treasurer, Sec. | 218K | Joseph Harrison, 56 VP
of Sales and Marketing | 232K | William Gerak, 55 VP
of Admin. | 203K | Dollar amounts are as of 30-Sep-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|