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Latest AK Steel Holding Stories

2014-09-17 08:21:29

WEST CHESTER, Ohio, Sept. 17, 2014 /PRNewswire/ -- AK Steel (NYSE: AKS) said today that the company has introduced CHROMESHIELD(TM) 22, a new nickel-free stainless steel product with enhanced benefits and stable pricing for customers. CHROMESHIELD 22 was developed by AK Steel at its Research Center in Middletown, Ohio, principally for manufacturers of appliance and food service equipment, tubing, cookware, automotive exhaust components and heat exchangers. After rigorous testing and...

2014-09-16 16:22:38

Summary of Benefits: WEST CHESTER, Ohio, Sept. 16, 2014 /PRNewswire/ -- AK Steel (NYSE: AKS) said today that it has completed its acquisition of Severstal North America's integrated steelmaking assets located in Dearborn, Michigan. The transaction also included a cokemaking facility and interests in three joint ventures that process flat-rolled steel products. AK Steel said that it paid $707 million in cash for the acquisition, which includes $314 million for working...

2014-09-12 08:26:47

WEST CHESTER, Ohio, Sept. 12, 2014 /PRNewswire/ -- AK Steel Holding Corporation (NYSE: AKS) ("AK Holding") announced that the underwriters for its previously announced offering of common stock have exercised in full their option to purchase an additional 5.25 million shares of common stock. AK Holding intends to use the net proceeds from the sale of the additional shares to repay borrowings under its asset-backed revolving credit facility and for general corporate purposes. The...

2014-09-11 08:23:19

WEST CHESTER, Ohio, Sept. 11, 2014 /PRNewswire/ -- AK Steel Holding Corporation (NYSE: AKS) ("AK Holding") announced today the pricing of its public offering of common stock. AK Holding agreed to sell 35 million shares of common stock at a public offering price of $9.00 per share. In connection with this offering, AK Holding granted the underwriters a 30-day option to purchase up to an additional 5.25 million shares of common stock. Concurrently with the pricing of its offering of...

2014-09-08 08:22:56

WEST CHESTER, Ohio, Sept. 8, 2014 /PRNewswire/ -- AK Steel Holding Corporation (NYSE: AKS) ("AK Holding") announced that it has commenced a registered offering of 35,000,000 shares of its common stock. In connection with the common stock offering, AK Holding has granted the underwriters a 30-day option to purchase up to an additional 5,250,000 shares of common stock. AK Holding also announced that concurrently with its common stock offering, AK Steel Corporation ("AK Steel"), its...

2014-09-03 08:24:59

WEST CHESTER, Ohio, Sept. 3, 2014 /PRNewswire/ -- AK Steel (NYSE: AKS) today provided guidance for its third quarter 2014 financial results. AK Steel said it expects to report net income of $0.05 to $0.10 per diluted share of common stock, representing a substantial improvement over its second quarter results. Severstal Dearborn Acquisition UpdateOn September 2, 2014, AK Steel was notified by the Department of Justice that the company has received early termination of the...

2014-07-29 08:25:40

WEST CHESTER, Ohio, July 29, 2014 /PRNewswire/ -- AK Steel (NYSE: AKS) today reported its financial results for the second quarter of 2014. 2nd Quarter 2014 Performance Summary -- Shipments of 1,397,500 tons -- Sales of $1.53 billion with an average selling price of $1,095 per ton -- Net after-tax loss of $17.1 million, or $0.13 per diluted share -- Adjusted net income of $2.9 million, or $0.02 per diluted share -- Adjusted EBITDA of $64.5 million -- Ended 2nd...

2014-07-25 12:22:42

WEST CHESTER, Ohio, July 25, 2014 /PRNewswire/ -- AK Steel (NYSE: AKS) said today that Sheri H. Edison has been elected to its Board of Directors, effective August 1, 2014. Ms. Edison currently is Vice President, General Counsel and Secretary of Bemis Company, Inc. In this capacity, she is responsible for all global legal operations of Bemis Company, as well as information technology, enterprise risk management and global compliance. Ms. Edison came to Bemis Company from...

2014-07-21 04:20:43

WEST CHESTER, Ohio, July 21, 2014 /PRNewswire/ -- AK Steel (NYSE: AKS) said today that it has signed an agreement to acquire Severstal North America's integrated steelmaking assets located in Dearborn, Michigan for $700 million in cash. The acquisition also includes a cokemaking facility and interests in three joint ventures that process flat-rolled steel products. Summary of Benefits: -- Increased scale enhances company's ability to better serve customers -- Highly modernized...

2014-07-17 20:24:36

WASHINGTON, July 17, 2014 /PRNewswire-USNewswire/ -- The U.S. Department of Commerce today issued its final antidumping determinations concerning imports of grain-oriented silicon steel (GOES) from Germany, Japan, and Poland. None of the foreign producers in the three countries participated in the Commerce Department's proceedings, and as a result the Commerce Department relied on "total adverse facts available" in assigning preliminary dumping margins to producers in each of the...


Word of the Day
grass-comber
  • A landsman who is making his first voyage at sea; a novice who enters naval service from rural life.
According to the OED, a grass-comber is also 'a sailor's term for one who has been a farm-labourer.'