The Rising Influence of Rising Affluence

[Democritus_of_Abdera]

Re Magnetation recycling of iron ore scrap (#msg-82518578)

For what its worth, AK Steel's recent prospectus (Nov 2012) for a senior note offering provides additional detail to the Wall Street Journal article concerning Magnetation LLC's iron ore processing operation (see: http://www.sec.gov/Archives/edgar/data/918160/000119312512472613/d436227d424b2.htm ). The information is included in the AKS document because AKS owns 49.9% of Magnetation.

In particular,

The 7M tons of iron ore currently processed by Magnetation results in 1.2M tons of iron ore concentrate.

Expand Magnetation capacity to 3M tons concentrate (or perhaps 6M tons depending how you read the text) is expected to be completed in 2015 at a price that AKS expects will compare favorably to expected market levels.