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Latest AK Steel Stories

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...

2014-06-24 16:22:32

WEST CHESTER, Ohio, June 24, 2014 /PRNewswire/ -- AK Steel (NYSE: AKS) said today that it will increase base prices for all of its stainless steel products, effective with shipments on July 6, 2014. AK Steel said that all automotive grades will be increased by $40 per ton, and that all non-automotive grades will be increased by $200 to $300 per ton, depending on the product. Surcharges for the broad range of stainless steel products that AK Steel produces will remain in effect, and...

2014-06-19 16:23:03

WEST CHESTER, Ohio, June 19, 2014 /PRNewswire/ -- AK Steel (NYSE: AKS) today provided guidance for its second quarter 2014 financial results. AK Steel said it expects to report a net loss of $0.19 to $0.23 per diluted share of common stock, which is a substantial improvement over its first quarter results. Adjusted to exclude the loss of $0.17 per diluted share for mark-to-market losses on derivatives discussed below, the company's adjusted net loss for the second quarter would be...

2014-06-11 16:22:31

WEST CHESTER, Ohio, June 11, 2014 /PRNewswire/ -- AK Steel (NYSE: AKS) said today that it plans to release its second quarter 2014 financial results before the opening of trading on the New York Stock Exchange on Tuesday, July 29, 2014. AK Steel will also provide live listening access on the Internet to its earnings conference call to be held at 11:00 a.m. Eastern Time on July 29, 2014. Access to the webcast will be available from the home page of the company's website at...

2014-06-10 08:23:51

WEST CHESTER, Ohio, June 10, 2014 /PRNewswire/ -- AK Steel (NYSE: AKS) said today that members of the International Association of Machinists and Aerospace Workers (IAM) Local 1943 have ratified a new 42-month labor agreement covering about 1,700 hourly production and maintenance employees at the company's Middletown (OH) Works. "We are pleased to have reached a competitive labor agreement with our unionized employees at our Middletown Works," said James L. Wainscott, Chairman,...

2014-05-30 16:22:06

WEST CHESTER, Ohio, May 30, 2014 /PRNewswire/ -- AK Steel (NYSE: AKS) said today that its Board of Directors has approved the promotion of the following Executive Officers, effective May 30, 2014. -- David C. Horn, 62, has been named Executive Vice President, Chief Legal and Administrative Officer, and Secretary. Mr. Horn was previously the company's Executive Vice President, General Counsel and Secretary. -- Roger K. Newport, 49, has been named Senior Vice...

2014-05-19 12:23:06

WEST CHESTER, Ohio, May 19, 2014 /PRNewswire/ -- The Walbridge, Ohio plant of AK Tube LLC, a subsidiary of AK Steel (NYSE: AKS), has been recognized for outstanding safety performance by the Ohio Bureau of Workers' Compensation, Division of Safety and Hygiene. The recognition is part of a collaborative safety awareness program established by the Northwest Ohio Safety Council. "We are honored to be recognized by the Ohio Bureau of Workers' Compensation, Division of Safety and...

2014-05-09 16:22:01

WEST CHESTER, Ohio, May 9, 2014 /PRNewswire/ -- AK Steel (NYSE: AKS) is continuing a longstanding tradition this year by awarding college scholarships to sons and daughters of company employees. The awards recognize outstanding academic achievement, leadership and community involvement. "Earning an AK Steel scholarship speaks volumes about the students and families associated with our company," said James L. Wainscott, Chairman, President and CEO of AK Steel. "We congratulate all of our...

2014-05-08 16:20:42

WEST CHESTER, Ohio, May 8, 2014 /PRNewswire/ -- AK Steel (NYSE: AKS) said today that one of the company's employees has been recognized by the American Iron and Steel Institute (AISI) for distinguished research. Grant Thomas, Ph.D., Research Engineer at AK Steel, in collaboration with two research colleagues from the Colorado School of Mines, has received the AISI "Finalist Medal" for the technical paper entitled, "Tensile Properties Obtained by Q&P Processing of Mn-Ni Steels...

2014-05-06 12:23:26

WEST CHESTER, Ohio, May 6, 2014 /PRNewswire/ -- AK Steel (NYSE: AKS) said today that Johannes (Hans) Schade, Ph.D., the company's Manager of Electrical Steel Technology and Research Laboratories, has received the Benjamin F. Fairless Award from the Association for Iron and Steel Technology (AIST) - a global leader in networking, education and sustainability programs for advancing iron and steel technology. The award recognizes Dr. Schade for his distinguished achievements in iron and...


Word of the Day
penuche
  • A fudgelike confection of brown sugar, cream or milk, and chopped nuts.
'Penuche' is a variant of 'panocha,' a coarse grade of sugar made in Mexico. 'Panocha' probably comes from the Spanish 'panoja, panocha,' ear of grain.
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