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Latest News:
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AK Steel Announces Senior Management Changes
Jun. 1, 2010 - AK Steel’s Board of Directors has approved the promotion of several members of its executive management team, as well as three new vice president positions and the appointment of a new Controller and Chief Accounting Officer.
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AISI Names Winner of its Highest Honor
May 10, 2010 - The American Iron and Steel Institute names James L. Wainscott the 2010 recipient of the Gary Memorial Medal, which recognizes an individual for remarkable lifelong contributions to the North American steel industry. Wainscott is AK Steel Corp.'s Chairman, President and CEO.
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AK Steel Employees Set World Casting Record
May 6, 2010 - AK Steel employees at Middletown have set a world record for consecutive heats of carbon steel continuously cast on either a single- or double-strand caster. Crews cast 474,131 tons of carbon steel slabs in 2156 consecutive heats over a 59-day sequence.
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AK Steel, Carpenter Announce Price Increases
May 4, 2010 - AK Steel announces increases of 6 to 9% on base prices for all 200, 300 and 400 series flat rolled stainless steel products, while Carpenter announces an average 5% increase in base prices for all specialty stainless, high temperature and electronic alloys in all product forms.
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AK Steel Announces Notes Offering, Cash Tender Offer and Consent Solicitation
Apr. 27, 2010 - AK Steel has commenced a registered offering of $400 million aggregate principal amount of its senior notes due 2020, a tender offer to purchase for cash outstanding Senior Notes due 2012, and a consent solicitation for proposed amendments to the indenture governing the Senior Notes due 2012.
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AK Tube Plants Recognized for Outstanding Safety Performance
Apr. 23, 2010 - The Columbus, Ind., and Walbridge, Ohio, plants of AK Tube have received the Safety Award of Merit from the Fabricators and Manufacturers Association, International. The award annually recognizes companies for outperforming their industry's injury and illness rate by at least 10%.
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AK Steel Reports Q1 Financial Results
Apr. 21, 2010 - AK Steel reports net income of $1.9 million ($0.02 per diluted share of common stock) for the first quarter of 2010, compared to a net loss of $73.4 million ($0.67 per diluted share) for the same period a year ago.
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AK Steel Coke Plant Recognized for Safety Performance
Mar. 29, 2010 - AK Steel's Ashland, Ky., coke plant has received the Max Eward Safety Award from the American Coke and Coal Chemicals Institute. Employees at the plant worked the entire year of 2009 without a single OSHA-recordable injury.
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AK Steel Supports Emergency Relief Efforts in Haiti
Jan. 25, 2010 - AK Steel donates $100,000 through its foundation to help support emergency relief efforts in Haiti. The company's donation was split equally between Doctors Without Borders and the American Red Cross.
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AK Tube Plant Recertified in VPP Safety Program
Nov. 25, 2009 - The Columbus, Ind., plant of AK Tube has been recertified as a Star site in the Indiana Department of Labor's Voluntary Protection Program (VPP). The Star designation signifies that the plant's safety programs surpass OSHA requirements.
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AK Steel Honored for Technical Research Paper
Nov. 5, 2009 - AK Steel has received the 42nd Outstanding Author Award from the Galvanizers Association for a technical paper entitled “Furnace Atmosphere Monitoring at AK Steel Coating Lines.”
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AK Steel Reports Net Income for 3rd Quarter
Oct. 28, 2009 - AK Steel reported net income of $6.2 million on net sales of $1,041.1 million for the third quarter and a net loss of $114.4 million on sales of $2,756.9 million for the first nine months of 2009.
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New Coke and Energy Supply Agreement for AK Steel
Sep. 4, 2009 - SunCoke Energy will provide AK Steel with metallurgical-grade coke from its Haverhill facility in southern Ohio. AK Steel also secures a financial interest in the electricity co-generated from the heat recovery coke battery.
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AK Steel to Increase Stainless Steel Prices
Aug. 5, 2009 - AK Steel will increase base prices for all 200-, 300- and 400-series flat rolled stainless steel products by 6 to 9%, depending on the grade and product form.
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AK Steel to Make Pension Trust Fund Contribution
Jul. 22, 2009 - AK Steel’s board of directors has authorized the company to make a $110-million contribution to its pension trust fund, double the company's $55 million required funding for the balance of 2009.
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AK Steel Reports 2nd Quarter Results
Jul. 22, 2009 - AK Steel reports a net loss of $47.2 million on net sales of $793.6 million for the second quarter, and a net loss of $120.6 million on sales of $1,715.8 million for the first six months of 2009.
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AK Steel to Increase Carbon Steel Prices
Jun. 2, 2009 - AK Steel says it will increase spot market prices for its carbon steel products effective with new orders scheduled for delivery on July 1, 2009 and later.
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AK Tube's Walbridge Plant Receives Safety Award
May 27, 2009 - The Ohio Bureau of Workers' Compensation, division of Safety and Hygiene presents AK Tube’s Walbridge, Ohio, plant with a Special Award for working 803,114 hours (from November 14, 2006, to December 31, 2008) without a lost-time injury.
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AK Steel Updates Second Quarter 2009 Outlook
May 6, 2009 - AK Steel adjusts its outlook for the second quarter to operating loss of $75 to $80 million based on recent plant closure announcements by Chrysler and General Motors.
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AK Steel to Increase Stainless Steel Prices
Apr. 21, 2009 - AK Steel will increase base prices for all 200, 300 and 400 series flat rolled stainless steel products by 6% to 9%, effective with shipments on May 3, 2009.
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AK Steel Reports 4th-Quarter, Full-Year 2008 Results
Jan. 28, 2009 - AK Steel reports a net loss of $430.6 million on net sales of $1,458.7 million for the fourth quarter, and net income of $4.0 million on record net sales of $7,644.3 million for the full year 2008.
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USW Members Ratify New Labor Agreement at AK Tube
Jan. 13, 2009 - Members of United Steelworkers of America Local 1915 ratify a new labor agreement with AK Tube LLC covering hourly production and maintenance workers at the company’s Walbridge, Ohio, facility.
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AISI Elects AK Steel’s Wainscott as New Chairman
Jan. 12, 2009 - The American Iron and Steel Institute Board of Directors elects AK Steel Chairman, President and CEO James L. Wainscottto serve as Chairman of AISI following the resignation of Steel Dynamics from the Institute.
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Ohio EPA, Tube City Settle Air Violations
Dec. 31, 2008 - The Ohio EPA reports Tube City IMS will pay $71,500 to settle violations of Ohio's air pollution laws related to slag handling and processing operations supporting AK Steel's Middletown Works.
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Ohio EPA Grants Final Air Permit to Middletown Coke
Nov. 26, 2008 - Ohio EPA grants Sun Coke (doing business as Middletown Coke) a final air permit-to-install that paves the way for the company to begin its construction of three heat-recovery batteries adjacent to AK Steel’s Middletown Works.
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AK Steel Updates Fourth Quarter Outlook
Nov. 5, 2008 - AK Steel lowers its fourth quarter 2008 shipping and earnings expectations based on weaker-than-expected economic conditions in the United States and globally.
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AK Steel Reports Record 3rd Quarter Net Income
Oct. 22, 2008 - AK Steel reports record quarterly net income of $188.3 million on net sales of $2,157.6 million for the third quarter, and record net income of $434.6 million on record sales of $6,185.6 million for the first nine months of 2008.
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AK Steel Reports 2nd Quarter Income
Jul. 23, 2008 - AK Steel reports net income of $145.2 million on record net sales of $2,236.6 million for the second quarter, and net income of $246.3 million on record sales of $4,028.0 million for the first six months of 2008.
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AK Steel to Increase Carbon Steel Prices
Jul. 16, 2008 - AK Steel will increase spot market prices for its carbon steel products by $50 per ton effective with new orders scheduled for delivery on September 1, 2008 and later.
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EPA Seeks Comments on AK Steel Disposal Well
Jun. 25, 2008 - U.S. Environmental Protection Agency Region 5 is seeking feedback from the public that could affect its decision to approve a request for an exemption from AK Steel.
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AK Tube’s Walbridge Plant Honored for Safety Performance
May 21, 2008 - AK Tube’s Walbridge, Ohio, plant is honored for its safety performance – including zero lost-time injuries in 2007 - with two awards from the Ohio Bureau of Workers' Compensation, division of Safety and Hygiene.
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AK Tube Honored for Perfect Safety Record
May 8, 2008 - The Fabricators & Manufacturers Association, International has awarded AK Tube’s Columbus, Ind., plant its Safety Award of Honor for having no recordable illnesses or injuries in 2007.
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AK Steel to Increase Stainless Steel Prices
Apr. 2, 2008 - AK Steel announces transaction price increases for stainless steel sheet, strip, and continuous mill plate products in the 200, 300 and 400 series, as well as duplex grades.
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AK Steel Board Okays Long-Term Agreement with Sun Coke
Mar. 25, 2008 - AK Steel’s board of directors approves a 20-year supply contract with SunCoke Energy to provide metallurgical-grade coke and electrical power from a new facility to be built adjacent to AK Steel's Middletown Works.
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Court Approves AK Steel VEBA Settlement with Middletown Retirees
Feb. 22, 2008 - The U.S. District Court in Cincinnati approves an agreement between AK Steel and a group of retirees from its Middletown Works that resulted in establishment of a Voluntary Employees Beneficiary Association trust covering approximately 4900 current Middletown Works retirees.
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AK’s Ashland Coke Plant Wins Industry Safety Award
Feb. 4, 2008 - Employees at AK Steel’s Ashland, Ky., coke plant earn the American Coke and Coal Chemicals Institute’s Max Eward Safety Award, in recognition of having the best safety record during 2007 for an ACCCI-member coke plant.
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AK Steel to Make Early Pension Trust Fund Contribution
Jan. 23, 2008 - AK Steel will make an early $75-million contribution to its pension trust fund in the first quarter, which is expected to satisfy approximately one-half of the company's total pension-funding obligations for 2008.
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AK Steel Reports Record Full Year 2007 Results
Jan. 23, 2008 - AK Steel reported net income of $106.7 million on net sales of $1,691.9 million for the fourth quarter of 2007, and net income of $387.7 million on record net sales of $7,003.0 million for the full year.
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AK Steel Announces Carbon Steel Price Increase
Jan. 10, 2008 - AK Steel will increase spot market prices by an additional $50 per ton for its carbon steel products for new orders accepted for shipment on February 1, 2008 and later.
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AK Steel Recognized for 2007 Stock Performance
Jan. 8, 2008 - CNNMoney.com names AK Steel Holding as one of the ten best performing Fortune 500 stocks for 2007, noting the company’s "solid 174% increase in stock performance" in 2007.
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AK Steel to Increase Stainless Prices, Monthly Surcharges
Nov. 6, 2007 - AK Steel will increase transaction prices for all hot-rolled and cold-rolled stainless steel products by approximately 6%, and will add a $245 per ton surcharge to invoices for electrical steel products shipped in December 2007.
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AK Steel Reports 3rd Quarter Results
Oct. 24, 2007 - AK Steel reports net income of $108.4 million on net sales of $1,721.7 million for the third quarter, and net income of $281.0 million on record net sales of $5,311.1 million for the first nine months of 2007.
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AK Steel to Upgrade Specialty Steel Operations
Oct. 23, 2007 - AK Steel is planning capital investments including a new electric arc furnace, new ladle metallurgy furnace, and additional electrical steel finishing equipment at its specialty steel operations in Butler and Zanesville.
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AK Steel Reports Second Quarter Net Income
Jul. 25, 2007 - AK Steel reported net income of $109.9 million on record net sales of $1,869.5 million for the second quarter, and net income of $172.6 million on net sales of $3.6 billion for the first six months of 2007.
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AK Tube Plant Receives Safety Award
Jun. 4, 2007 - AK Tube LLC’s Columbus, Ind., plant receives the ‘Safety Award of Merit’ from the Fabricators & Manufacturers Association, International for its 2006 safety performance.
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AK’s Coshocton Works Honored for Safety Performance
Apr. 23, 2007 - AK Steel’s Coshocton, Ohio, Works has earned three awards from the Ohio Bureau of Workers' Compensation, division of Safety and Hygiene for the plant's outstanding 2006 safety performance.
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SSINA Study Details Chinese Government Support of Stainless Industry
Apr. 11, 2007 - A new study just issued by the Specialty Steel Industry of North America (SSINA) reveals that the government of China has a policy of conferring preferred status on the stainless steel industry, and providing it with a wide range of preferential treatment programs and direct subsidies.
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AK Steel Coke Plant Earns Safety Award
Mar. 12, 2007 - For the second consecutive year, employees of AK Steel's Ashland, Ky., coke plant have earned the Max Eward Safety Award, presented annually by the American Coke and Coal Chemicals Institute (ACCCI). The award recognizes the ACCCI-member coke plant having the best safety record during 2006
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AK Steel Announces Carbon Steel Price Increases
Mar. 5, 2007 - March 5, 2007 — AK Steel announced it will increase spot market prices for carbon hot-rolled steel by $30 per ton, and cold-rolled and coated steel prices by $20 per ton for all new orders ac
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AK Steel Joins OSHA Safety and Health Partnership
Mar. 1, 2007 - March 1, 2007 — AK Steel is joining with the U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) to form a strategic partnership to further strengthen safety and h
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AK Steel to Increase Carbon Steel Prices
Feb. 22, 2007 - Feb. 22, 2007 — AK Steel announced that it will increase spot market prices for its carbon steel products by $40 per ton for all new orders accepted for shipment on April 1, 2007 and later.
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AK Steel to Move Corporate Headquarters
Feb. 21, 2007 - AK Steel Corp. announced plans to move its corporate headquarters from Middletown, Ohio, to West Chester, Ohio, a northern Cincinnati community.
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AK Steel to Increase Carbon Steel Prices
Feb. 1, 2007 - Feb. 1, 2007 — AK Steel announced that it will increase spot market prices for its carbon steel products by $30 per ton. The increase takes effect for all new orders accepted for shipment on
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AK Steel Reports Fourth Quarter Results
Jan. 24, 2007 - Jan. 24, 2007 — AK Steel reported a net loss of 49.3 million on record net sales of $1,582.2 million for the fourth quarter of 2006. The loss includes a "corridor" charge of $133.2
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AK Steel Announces Surcharges for February 2007
Jan. 4, 2007 - Jan. 4, 2007 — AK Steel announced that it will add a $180 per ton surcharge to invoices for electrical steel products shipped in February 2007.
The company has posted its February 20
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AK Steel Reports First Quarter Results
Apr. 26, 2006 - April 26, 2006 — AK Steel reported net income of $6.2 million on net sales of $1,435.9 million for the first quarter of 2006.
The $6.2 million net income ($0.06 per share
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AK Steel Announces May Surcharges
Apr. 14, 2006 - April 14, 2006 — AK Steel will add a $190 per ton surcharge to invoices for flat rolled carbon steel products shipped in May 2006. A $215 per ton surcharge will be added to invoi
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AK Steel to Increase Stainless Steel Prices
Apr. 6, 2006 - April 6, 2006 — AK Steel will increase transaction prices for all hot-rolled and cold-rolled stainless steel sheet, strip and continuous mill plate products.
Prices for
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AK Steel Earns Dual Honors From Toyota
Mar. 23, 2006 - March 23, 2006 — AK Steel has been awarded Toyota Motor Manufacturing North America's highest supplier recognition in two categories for 2005 performance.
"Toyota v
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AK Steel Announces March 2006 Surcharges
Feb. 17, 2006 - Feb. 17, 2006 — AK Steel will add a $214 per ton surcharge to invoices for flat-rolled carbon steel products shipped in March 2006. A $275 per ton surcharge will be added to invo
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AK Steel to Increase Stainless Steel Prices
Jan. 26, 2006 - Jan. 26, 2006 — AK Steel announced it will increase transaction prices by approximately 3% for all cold-rolled stainless sheet and strip products. The increase, which takes effec
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AK Steel Reports Fourth Quarter Results
Jan. 25, 2006 - Jan. 25, 2006 — AK Steel reported a net loss of $41.5 million on net sales of $1,377.0 million for the fourth quarter of 2005, and a net loss $2.3 million on record net sales of
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AK Steel Announces February 2006 Surcharges
Jan. 19, 2006 - Jan. 19, 2006 — AK Steel has advised its customers that it will be adding a $205 per ton surcharge to invoices for flat rolled carbon steel products shipped in February 2006. AK
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Paulson Announces Substitute Nominee for Algoma Shareholder Meeting
Dec. 21, 2005 - Paulson & Co. Inc., which had previously requisitioned a special shareholder meeting to replace a majority of Algoma directors, has now announced a substitution on its slate of nominees for the board — John Hritz, the direct successor to James Wareham as president of AK Steel Corp., who will replace Mr. Wareham.
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AK Steel Announces January 2006 Surcharges
Dec. 16, 2005 - AK Steel will add a $215 per ton surcharge to invoices for flat-rolled carbon steel products shipped in January 2006. AK Steel will also add a $255 per ton surcharge to invoices for electrical steel products shipped in January.
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Paulson Announces Slate for Algoma Shareholder Meeting
Dec. 2, 2005 - Paulson & Co. Inc., a major shareholder of Algoma Steel Inc., has announced its nominees for the Algoma board of directors. In November, Paulson had requisitioned a special shareholder meeting to replace a majority of current Algoma directors.
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AK Steel Announces December Surcharges
Nov. 18, 2005 - AK Steel will add a $228 per ton surcharge to invoices for flat-rolled carbon steel products shipped in December 2005. The company will also add a $330 per ton surcharge to invoices for electrical steel products shipped in the same period.
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AK Steel Announces Chairman of the Board
Oct. 21, 2005 - AK Steel announced that James L. Wainscott, 48, President and CEO, has been elected Chairman of the Board of Directors of AK Steel, effective January 1, 2006.
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AK Steel Announces November Surcharges
Oct. 18, 2005 - AK Steel will add a $193 per ton surcharge to invoices for flat-rolled carbon steel products shipped in November 2005. The company will also add a $220 per ton surcharge to invoices for electrical steel products shipped in the same period
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YTD Specialty Steel Imports Continue to Exceed YTD 2004 Totals
Oct. 11, 2005 - Total stainless steel imports grew to 399,708 tons through July 2005, a 13% increase* compared to the first seven months of 2004, according to the latest statistical data released by the Specialty Steel Industry of North America (SSINA). As imports continued to climb, U.S. stainless steel consumption dropped slightly to 1,361,595 tons, a 4% decreased compared to the comparable 2004 period.
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Ohio Steel Producers Report First Half Results
Oct. 4, 2005 - Ohio steelmakers posted moderately strong production and shipping figures for the first half of 2005, even as the market struggled to emerge from an inventory correction that began before the end of 2004.
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AK Steel to Recycle Waste Materials at Ashland Works
Oct. 4, 2005 - AK Steel announced the construction of a new recycling facility at its Ashland (Ky.) Works to process and recycle waste materials from the plant's blast furnace, cokemaking operation and continuous caster.
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AK Steel Announces October Surcharges
Sep. 16, 2005 - AK Steel will add a $154 per ton surcharge to invoices for flat rolled carbon steel products shipped in October 2005. A $90 per ton surcharge will be added to invoices for electrical steel products shipped in the same period.
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AK Steel and USW Reach Tentative Agreement
Sep. 13, 2005 - AK Steel Corp. and the United Steelworkers of America (USW) have reached a tentative agreement on all the terms and conditions of a new labor agreement at the Ashland Works in Kentucky.
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Stainless Steel Imports Continue to Outpace 2004 Totals
Aug. 31, 2005 - Total stainless steel imports climbed to 344,014 tons through the first six months of 2005 — a 15% increase compared to the same period in 2004 — according to the latest data released by the Specialty Steel Industry of North America (SSINA). As imports climbed, U.S. consumption remained steady at 1,168,282 tons, 3% below domestic consumption for the first six months of 2004.
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AK Steel, Steelworkers Agree to Extend Ashland Contract
Aug. 31, 2005 - AK Steel Corp. and the United Steelworkers of America (USW) have agreed to extend all the terms and conditions of their current labor agreement to September 11, 2005. Originally scheduled to expire on Thursday, September 1, 2005, the contract covers about 750 hourly production and maintenance employees of Local 1865 at the Ashland Works in Kentucky.
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AK Steel Announces September Surcharges
Aug. 16, 2005 - AK Steel will add a $157 per ton surcharge to invoices for flat-rolled carbon steel products shipped in September 2005. A $50 per ton surcharge will be added to invoices for electrical steel products.
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YTD Specialty Steel Imports Continue to Climb
Aug. 2, 2005 - Total stainless steel imports rose to 286,403 tons through the first five months of 2005 — a 19% increase compared to the same period in 2004 — according to the latest data released by the Specialty Steel Industry of North America (SSINA).
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AK Steel Announces August Surcharges
Jul. 18, 2005 - AK Steel will add a $183 per ton surcharge to invoices for flat-rolled carbon steel products shipped in August 2005. A $115 per ton surcharge will be added to invoices for electrical steel products shipped in August.
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Arbitrator Issues Ruling in Middletown Works Base Workforce Issue
Jul. 6, 2005 - AK Steel said that an arbitrator has issued a ruling on the company's 2004 suspension of a minimum base workforce plan covering hourly maintenance and operating employees at the company's Middletown Works represented by the independent A.E.I.F. union.
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AK Steel to Increase Prices for Electrical Steels
Jul. 1, 2005 - AK Steel will increase spot market transaction prices for its Regular Grain Oriented and Tran-Cor(R) H electrical steel products, effective with shipments on and after August 1, 2005.
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AISI Joins the Metal Initiative
Jun. 30, 2005 - The American Iron and Steel Institute (AISI) has joined The Metal Initiative, a coalition of metal construction product manufacturers and suppliers created to communicate the value of metal roofing and siding for commercial building applications.
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AK Steel Announces July Surcharges
Jun. 17, 2005 - AK Steel will add a $208 per ton surcharge to invoices for flat-rolled carbon steel products shipped in July 2005. A $200 per ton surcharge will be added to invoices for electrical steel products shipped in July 2005.
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First Quarter Stainless Steel Imports Climb 37% Higher than 2004
Jun. 14, 2005 - Total stainless steel imports reached 182,350 tons through the first quarter of 2005 — 37% higher than the first quarter of 2004 — according to the latest statistical data released by the Specialty Steel Industry of North America (SSINA). Total specialty steel imports (including stainless, electrical, and tool steels) were 39% higher than the first quarter of 2004.
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AK Steel's Coshocton Works Receives Safety Awards
May 23, 2005 - AK Steel's Coshocton Works received four awards last week from the Coshocton County Safety Council. The awards were presented by the Ohio Bureau of Workers' Compensation and the Coshocton County Chamber of Commerce, which co-sponsor the Ohio Safety Council program locally.
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Wheeling-Pittsburgh Announces Management Promotions
May 18, 2005 - Wheeling-Pittsburgh Steel Corp. announced the promotion of Ron Shoemaker, who had been Manager of Engineering, EAF Project, to the newly created position of General Manager, Engineering & Environmental Control. In his new position, Shoemaker will report to Wheeling-Pittsburgh Steel President, Harry Page.
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AK Steel Announces June Surcharges
May 17, 2005 - AK Steel is adding a $213 per ton surcharge to invoices for flat-rolled carbon steel products shipped in June 2005. The company is also adding a $170 per ton surcharge for electrical steel products shipped in June 2005.
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AK Steel Announces May Surcharges
Apr. 29, 2005 - AK Steel announced it will add a $218 per ton surcharge to invoices for flat-rolled carbon steel products shipped in May 2005. In addition, a $215 per ton surcharge will be added to invoices for electrical steel products shipped in May 2005.
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AK Steel's Middletown Works Receives Safety Awards
Apr. 1, 2005 - AK Steel announced that its Middletown Works has received two awards for workplace safety from the Southwestern Ohio Safety Council and the Ohio Bureau of Workers' Compensation, division of Safety and Hygiene. The awards are the Group Safety Award, presented to the company with the lowest incident rate in a safety council group in 2004, and a Special Award for outstanding effort in safety by working 6,923,299 hours in 2004 without a single lost-time injury.
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AK Steel's Zanesville Works Receives Four Safety Awards
Mar. 31, 2005 - AK Steel’s Zanesville Works received four awards at the Zanesville-Muskingum County Safety Council’s annual safety meeting. The awards were presented by the Zanesville-Muskingum County Chamber of Commerce in conjunction with the Ohio Bureau of Workers’ Compensation, division of Safety and Hygiene.
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AK Steel Earns Coke Plant Safety Award
Mar. 30, 2005 - Employees of AK Steel’s Middletown Works coke plant have earned the Max Eward Safety Award for the fifth consecutive year. The award, presented by the American Coke and Coal Chemicals Institute (ACCCI), recognizes the member coke plant having the best U.S. safety record during 2004.
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AK Steel Announces April Surcharges
Mar. 16, 2005 - AK Steel will add a $230 per ton surcharge to invoices for flat-rolled carbon steel products shipped in April 2005, an increase of $16 from March's surcharge of $214 per ton. For electrical steel products, the company will add a $295 per ton surcharge, a decrease of $45 from the March surcharge of $340 per ton for those products.
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AK Steel Announces Vice President of Labor Relations
Mar. 1, 2005 - AK Steel announced that Thomas F. McKenna, 59, has joined the company as Vice President—Labor Relations. In this role, Mr. McKenna will be responsible for the company's labor relations functions and its union-management relationships.
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AK Steel Announces March Surcharges
Feb. 17, 2005 - AK Steel will add a $214 per ton surcharge to invoices for flat-rolled carbon steel products shipped in March 2005, an increase of $18 from February's surcharge of $196 per ton. AK Steel also advises that the March 2005 surcharge for electrical steel products will drop to $340 per ton, a decrease of $70 from the February surcharge of $410 per ton for those products.
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AK Steel Announces New Senior Vice Presidents
Jan. 25, 2005 - AK Steel has named David C. Horn and John F. Kaloski Senior Vice Presidents. Mr. Horn is the corporation’s General Counsel and Secretary, and Mr. Kaloski oversees the corporation’s safety, operations, quality assurance, engineering, purchasing and supply chain management functions.
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AK Steel Announces February Surcharges
Jan. 17, 2005 - AK Steel has advised its flat-rolled carbon steel customers that the company will add a $196 per ton surcharge to invoices for products shipped in February 2005, a decrease of $9 from January's surcharge of $205 per ton. AK Steel has also advised its electrical steel customers that a $410 per ton surcharge will be added to invoices for electrical steel products shipped in February 2005, an increase of $10 from the January surcharge of $400 per ton for those products.
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MEPS International Steel Market Roundup
Jan. 13, 2005 - According to MEPS (International) Ltd., U.S. market activity for Flat Products is flat. The mills, faced with weak fourth quarter order books, started seasonal maintenance shutdowns in November that have continued through this month. With high customer inventories, mill transaction prices continue to slip. MEPS has received unconfirmed reports that surcharges are not being universally applied, especially to large volume purchasers. Steel market conditions are expected to improve in the first quarter, and AK Steel Corp. has already announced a $US50 per ton hike. Canadian market activity continues to be subdued, with inventory levels apparently more tailored to present-day demand than those in the US. However, MEPS has monitored further drops in transaction values over the last four weeks.
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AK Steel Makes Voluntary Pension Trust Fund Contribution
Jan. 5, 2005 - AK Steel made a $150 million voluntary contribution to its pension trust fund on January 3, 2005. The voluntary contribution applies toward approximately $300 million of pension funding that otherwise would be required in 2006.
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AK Steel Completes Redemption of Senior Notes
Dec. 27, 2004 - AK Steel completed the redemption of the remaining $117.4 million principal amount of its 9% Senior Notes Due 2007, and the remaining $33.5 million principal amount of its 8-7/8% Senior Notes Due 2008.
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AK Steel Announces January 2005 Surcharges
Dec. 16, 2004 - AK Steel will add a $205 per ton surcharge for flat-rolled carbon steel products shipped in January 2005, an increase of $52 from December's surcharge of $153 per ton. A $400 per ton surcharge will be added to electrical steel products shipped in January 2005, up $140 from the December surcharge of $260 per ton for those products. January surcharges for AK Steel’s stainless steel products are available on the company's website.
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AK Steel Settles Lawsuit over Environmental Violations
Dec. 6, 2004 - AK Steel has settled alleged environmental violations at the company’s specialty steel mill in Butler, PA. In a proposed consent decree lodged in federal court, AK Steel has agreed to a $1.2 million settlement consisting of a $300,000 penalty and $900,000 in projects that will reduce smog-producing ozone in Pennsylvania.
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AK Steel Awards Supplier of the Year Honors
Nov. 19, 2004 - AK Steel has honored three of its suppliers for outstanding service, value and strategic support of the steelmaker's business plan. The awards, the first ever presented by AK Steel, were announced during a meeting in Middletown of representatives of the steelmaker's largest 100 suppliers, based on commodity value and services provided. The suppliers attending represented approximately $2.25 billion in goods and services purchased annually by AK Steel.
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AK Steel Announces Surcharges and Surcharge Modifications
Nov. 16, 2004 - AK Steel has advised its flat-rolled carbon steel customers that a $153 per ton surcharge will be added to invoices for products shipped in December, an increase of $4 from November's surcharge of $149 per ton. AK Steel also advised its electrical steel customers that a $260 per ton surcharge will be added to invoices for electrical steel products shipped in December, up $10 from the November surcharge of $250 per ton for those products.
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AK Steel Reports 3rd Quarter Net Income
Oct. 27, 2004 - AK Steel reported net income of $83.1 million on record net sales of $1,337.3 million for the third quarter of 2004, and net income of $341.2 million on net sales of $3,783.5 million for the first nine months of 2004.
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AK Steel Announces November Surcharges
Oct. 20, 2004 - AK Steel has advised its flat-rolled carbon steel customers that a $149 per ton surcharge will be added to invoices for products shipped in November, a decrease of $8 from October's surcharge of $157 per ton. The company also advised its electrical steel customers that a $250 per ton surcharge will be added to invoices for electrical steel products shipped in November, down $45 from the October surcharge of $295 per ton for those products.
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AK Steel Earns Integris Metals Quality Award
Oct. 14, 2004 - Integris Metals has presented its Award of Excellence to AK Steel for quality performance. The award is in recognition of AK Steel's quality performance from the fourth quarter of 2003 through the third quarter of 2004.
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AK Steel Announces October Surcharges
Sep. 21, 2004 - AK Steel has advised its flat-rolled carbon steel customers that a $157 per ton surcharge will be added to invoices for products shipped in October, an increase of $15 from September's surcharge of $142 per ton.
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AK Steel Announces Stainless Steel Price Increase
Sep. 2, 2004 - AK Steel announced will increase the gauge and width extras for certain 200, 300 and 400 series stainless steel sheet products. The increase will be effective with shipments on and after September 13, 2004.
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AK Steel Announces September Surcharges
Aug. 27, 2004 - AK Steel has advised its flat-rolled carbon steel customers that a $142 per ton surcharge will be added to invoices for products shipped in September. AK Steel also advised its electrical steel customers that a $240 per ton surcharge will be added to invoices for electrical steel products shipped in September.
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New General Managers Named at Three U. S. Steel Facilities
Aug. 24, 2004 - United States Steel Corp. announced changes in the leadership at Gary Works, Mon Valley Works and Fairfield Works. The new appointments are effective September 1, concurrent with the promotion of George F. Babcoke, General Manager of Gary Works, to Managing Director of Engineering and Research.
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AK Steel Reports 2nd Quarter Income
Jul. 21, 2004 - AK Steel reported net income of $92.7 million on net sales of $1,311.8 million for the second quarter of 2004, and net income of $258.1 million on net sales of $2,446.2 million for the first six months.
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AK Steel Appoints New Corporate Officers
Jul. 20, 2004 - AK Steel has appointed John J. Kuzman Jr., 51, Chief Compliance Officer, and Roger K. Newport, 39, Chief Accounting Officer, both new officer posts for the corporation.
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AK Steel Expects to Report Second Quarter Net Income
Jul. 7, 2004 - AK Steel Corp. said that it expects to report net income for the second quarter of 2004, excluding an anticipated gain on the sale of the company's Houston, Texas, industrial park, which was completed on April 12, 2004.
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Arbitrator Okays Suspension of Minimum Workforce Clause at Middletown
Jul. 2, 2004 - An arbitrator has ruled that AK Steel Corp. may continue to suspend a provision in a labor contract with its largest hourly union that calls for a minimum base workforce. The company said the ruling will allow the company to further reduce the hourly workforce at its Middletown plant through attrition and layoffs.
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AK Steel and UAW Reach Agreement at Rockport Works
Jun. 15, 2004 - AK Steel Corp. announced that members of the United Autoworkers of America (UAW) have voted to accept a progressive three-year labor agreement covering about 160 hourly employees at the company's Rockport, Ind., Works.
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ISG Announces Starting Lineup for Newly Acquired ISG Weirton
Jun. 4, 2004 - With the closing of the Weirton Steel Acquisition, ISG became North America’s largest integrated steel producer. Following the acquisition, ISG President Rodney Mott recently announced the reassignment of several members of the current ISG management team and appointment of several new members.
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AK Steel Coke Plant to Receive 4th Consecutive Safety Award
Mar. 26, 2004 - AK Steel’s Middletown, Ohio, coke plant has again been selected to receive the Max Eward Safety Award from the American Coke and Coal Chemicals Institute (ACCCI). The award recognizes the ACCCI-member coke plant with the best safety record during 2003. Employees at the Middletown coke plant have worked for four years in a row with a record of zero lost-time injuries.
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